Not all donations have to be made with cash … non-cash, tax efficient gifts can go even further and help Habitat SKKC to promote self-reliance and stability through affordable housing. Smart giving … what method is most beneficial for you?
Do you own a highly appreciated stock or mutual funds?
Donating stock, mutual funds, or other appreciated assets can be an extremely tax efficient way to support Habitat. When you donate appreciated assets held for more than one year, you may avoid capital gains taxes and be eligible to take a tax deduction for the full fair market value of the asset. Habitat makes the gift of stock quick and simple. Make a stock donation.
Do you have a Donor Advised Fund (DAF)?
DAF’s allow donors to put a large sum of money, stocks, or crypto into a charitable investment account, get an immediate tax deduction, and pay out donations over time. DAF’s make it simple to give money already set aside for charity. Give a grant from your DAF today.
Are you 70 ½ or older with an IRA?
If you are 70½ years or older, you can give any amount up to $105,000 (2004 limit) from your IRA directly to our cause without having to pay income taxes on the money. For donors 73 and older, you can use your gift to satisfy all or part of your required minimum distribution.
To make this type of gift, contact your IRA Administrator to request a Qualified Charitable Distribution (QCD). Provide the account number for the distribution, the amount of the distribution, and indicate that it will satisfy part or all of your required minimum distribution for 2024. Ask that your name be clearly identified as donor on the face of the check and indicate your intention that the charitable rollover gift complies with the IRS Qualified Charitable Distributions requirements. Provide this information for mailing the check:
Charity name: Habitat for Humanity Seattle King & Kittitas Counties
Address: 500 Naches Ave SW, Ste 200, Renton, WA 98057
Contact: Amy Farrier, 206.456.6943, amy.farrier@habitatskc.org
EIN/Tax ID: 91-1342397
Join us in extending a hand up to families and individuals to build a better, brighter future through homeownership