As you plan for your future and reflect on the legacy you will leave behind, consider the following ways you can strengthen local families and communities through a partnership with Habitat for Humanity of Greater Nashville. Getting started is easier than ever with our free, online will writing tool through our partner FreeWill.

Qualified Charitable Distribution
Just like donating via cash or check, giving from your IRA is an immediate and impactful way to support Habitat for Humanity of Greater Nashville — but unlike a cash gift, it helps you save on your taxes. Your QCD must be made directly to the non-profit to be excluded from your taxable income. If you are 70 ½ or older with a traditional IRA, you’re eligible to donate directly from your IRA and it will count towards your required minimum distribution (RMD). RMDs are the amount of money IRA account holders must remove from their IRA each year. If you do not take these funds out of your account, you will be taxed heavily on the remaining amount. If you take the funds out of your account, they will be subject to regular state and federal income taxes. If you are 72 years old or older, you must take the RMD.

If you have questions, contact Jackie Russell at Jrussell@habitatnashville.org.