Peoples' Self-Help Housing

PLANNED GIFTS

Sponsorship Opportunities are available.
Call Rochelle Rose, Fund Development Director
at (805) 962-5152 x227 or email rocheller@pshhc.org

Bequest
We appreciate your including "Peoples' Self-Help Housing" as beneficiary in your will.

Planned Gifts:
A planned gift to Peoples' Self-Help Housing helps to secure the future of our organization and programs to help families in our community for generations to come. Please call your tax advisor, attorney, or Rochelle Rose in our Development Office at (805) 962-5152 x227 for more information.

A Charitable Gift Annuity can be set up through a charity and is used by many to provide income for the annuitant and a second beneficiary, if any. The annuitant (the person investing funds through the charity) receives a contract or agreement from the charity which states that the charity will pay the beneficiary a fixed income for life (lives) with payments to start immediately or at some set future time. Probate or court involvement is avoided on these funds. The income paid under the annuity is secured by the assets of the charity. The minimum CGA amount is $10,000; the CGA program is managed by the Santa Barbara Foundation.

Charitable Lead Trust is almost the opposite of a charitable remainder trust. During the term or life of the charitable lead trust, an annuity or unitrust income interest is distributed each year to the designated charitable beneficiary and the assets are eventually transferred to the trustor's or grantor's designated non-charitable beneficiary(ies).

A Charitable Remainder Annuity Trust is a trust which is set up to pay a return or fixed annual percentage of 5 percent (or more) of the net fair market value of the assets placed in the trust. The trust assets are valued initially, at the time the property is placed in the trust. The trust assets are never revalued.

A Living Trust is a trust set up to operate during the life (and can operate after the death) of the one setting up the trust. It can be revocable, or, in other words, you can change your mind and have some or all of the trust property returned to you during your life. An irrevocable trust cannot be changed except in certain legal circumstances.

A Retained Life Estate is a gift plan defined by federal tax law allowing the donation of a personal residence (including a vacation home) or farm with the donor retaining the right to life enjoyment. A life estate may be retained for one or more lives or it may be retained for a term of years. All routine expenses - maintenance fees, property taxes, repairs, etc. - are the responsibility of the donor. The donor receives income tax benefits in the year of the gift (the property is irrevocably deeded to the charity) and estate tax benefits.

Gift of Life Insurance:
Peoples' Self-Help Housing may be named as a beneficiary in your life insurance or you may donate a policy to PSHH.

Gifts of Appreciated Assets are assets that have a higher market value than their basis or tax purpose value. Such assets would, if sold by an individual or non-charitable organization at a price higher than their basis, potentially generate taxable capital gains (either long-term or short-term depending on the holding period).