Looking for a different way to give?

There are multiple options to explore. Some options allow you to give charitably to the Housing Development Alliance and receive financial benefits in return. 

Gifts that pay you income. 

You can receive income for life while ensuring that families in need have access to safe and affordable housing.

If you are considering these types of gifts, we recommend consulting with your financial advisor.

Charitable Remainder Trust

You can receive income for life and reduce your taxes while supporting the Housing Development Alliance by transferring assets to fund the trust. Not only does this pay income to you or your beneficiaries for life, but you also receive an income tax deduction the year you transfer assets to the trust. The remaining portion of the trust, after all payments have been made, goes to Housing Development Alliance, Inc.

  • Receive income for life for you and your heirs.

  • Receive a charitable income tax deduction for the charitable portion of the trust.

  • Create your lasting legacy of home and community by helping families of eastern Kentucky.

Charitable Gift Annuities

You can transfer assets to a charitable gift annuity and receive income for life. 

This plan allows you to give a substantial donation while receiving tax-favored income for life.  Charitable gift annuities offer attractive payout rates for those who want to receive income and provide better housing to families of our region. 

  • Very attractive payout.

  • Payments can be made annually, quarterly, or monthly.

  • A portion of the payout can be tax-free.

  • Immediate tax deduction for a portion of your gift.

  • Your gift passes to HDA outside of the estate process. 

Gifts that reduce your taxes. 

Some legacy gifts may reduce your taxes.

If you are considering these types of gifts, we recommend consulting with your financial advisor.

Retirement Plan Gift

You can reduce or even eliminate tax liabilities on your retirement plan by naming Housing Development Alliance as direct beneficiary. The entire amount of your IRA, 401(k), or other retirement accounts may be taxed if you leave them to your heirs. Instead, consider giving them less tax-burdened assets like real estate and stock, and use retirement assets to create your legacy gift with HDA.

  • Eliminate potential estate tax on retirement assets.

  • Eliminate income tax on retirement assets funded on a pre-tax basis.

  • Receive potential savings on estate taxation from a donation tax deduction.

Life Insurance Plan

If you have a life insurance policy that has outlasted its original purpose, you can use it to reduce your taxes and create a legacy gift for Housing Development Alliance.

  • Reduce your income taxes.

  • Receive additional donation tax deductions by making annual gifts so that HDA can pay the premiums.

  • See firsthand how your gift supports families, if we cash in the policy.

  • Further the work of HDA so that all people have a safe, affordable place to call home. If HDA retains the policy to maturity, or you name it as a beneficiary, the proceeds of your policy will be paid to Housing Development Alliance when the policy matures. 

Gifts of Stocks

Stocks, bonds, and mutual funds that have appreciated in value are among the best ways to ensure that HDA can help reduce housing instability for families in our local community. You may receive a charitable income tax deduction for the full market value of the stock up to a maximum of 30 percent of your adjusted gross income and avoid paying the capital gains tax on any increase in the value of the stock.

Saving Bonds

When you redeem savings bonds, you or the person to whom you leave your bonds will owe income tax on the appreciation. You can eliminate the income tax on bonds you own that have stopped earning interest and that you plan to redeem. Since Housing Development Alliance is tax exempt, 100 percent of your gift of savings bonds will support our mission to strengthen our community through creating high quality, long lasting, and affordable homes. 

  • Reduce income tax.

  • Reduce income tax and estate taxes for your loved ones.

  • Create your lasting legacy by empowering families to become self-reliant homeowners who are engaged in their communities.

Please contact us at donate@housingdevelopmentalliance.org or (606) 436-0497, if you have any questions. Then, consult with your tax advisor and lawyer to determine which planned gift strategy is best for you.

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2871 North Main St., Hazard, KY 41701                                 606-436-0497                            info@housingdevelopmentalliance.org