gifts are
gorgeous
Olympic Housing Trust is proud to have support from community members to build affordable housing
and grow our impact.
Charitable Transfers
Donate Stock:
Did you know that you can donate stock, bonds, and mutual funds to nonprofits?
Donating securities that have appreciated in value, and that you have owned for over a year, offers potential tax savings including an income tax deduction and also avoiding capital gains tax.
For example, donating shares of appreciated stock allows OHT to secure the entire value of sale, and avoids capital gain tax for you and the charity. Your brokerage company can support you with an online form for authorizing transfer of shares of stock / securities to a non-profit organization’s brokerage account. Please consult with your financial advisor for further questions!
Property Transfer:
Community land trusts, like the Olympic Housing Trust, are generational stewards of housing and land. Contributing real property can allow for a new affordable housing project to emerge, which is exactly how the Dundee Hill project developed.
If the property is not suited for affordable housing development it can still support OHT’s work. If you’re curious about using your property to ensure more affordable housing, we would love to talk.
Planned Gifts:
Planning for the future is challenging, but it's crucial to ensure that the charities and values that you support in life are set up to continue their work into the future.
There are several ways to incorporate charitable giving into your estate plan, including through a retained life estate. This approach allows donors to donate property but remain residents upon it in exchange for the future rights of the property. Some options, like a retained life estate, can even lower your taxable income today.
Donate Your Home
Outright Gift:
Are you moving but don't need the proceeds of the sale to make the move? Consider just donating your home to the Olympic Housing Trust when you move. As an outright gift, you can avoid capital gains taxes and take a charitable deduction on the fair market value of the property (up to 30% of your adjusted gross income per year).
Bequest:
A bequest means that the property would be transferred to Olympic Housing Trust upon your death. You retain all ownership rights to the property during your lifetime. This leaves a lasting legacy of stability for families far into the future and decreases the tax burden on the inheritors of your estate.
Want to donate your home but keep on living there, too?
When you make a gift with retained life estate, your property will be transferred to Olympic Housing Trust without going through probate upon your death. This type of gift is eligible for tax deductions calculated at the time the gift is given, based on current interest rates and the donor’s age. A gift with retained life estate may also give you property tax advantages because homes in OHT’s portfolio are assessed based on the resale formula value rather than the full market value of the property.
Please be sure to speak with your tax advisor when considering a gift of real estate. The Olympic Housing Trust is not a financial adviser.
Cash Donations
One-Time Donation:
A common way to give is through a one-time cash donation.
A $100 donation helps cover small expenses like printing and postage.
A $1,000 donation covers hours of staff time
A $10,000 donation allows us develop meaningful programs and projects.
For folks over 72 who’re required to take a minimum distribution, giving directly through the retirement fund to OHT is a qualified charitable distribution. Every single donation counts towards further securing permanently affordable housing.
Recurring Gifts:
If you're looking to make an even greater impact in our housing work, consider committing to a recurring gift.
By setting up a consistent donation schedule, you provide our Trust with an expectation of reliable cash flow which enables us to plan our programming and abilities throughout the year. And for you, it's a way to spread out your contribution over time, making it more manageable.
A monthly gift of $50 can make a real difference for us and be budget-friendly for you, too.
In-Kind Contributions
Give Your Time:
Giving doesn't have to mean donating money. In-kind donations, such as providing professional support, material discounts or even your old car, can make a significant impact and help build our network.
Volunteering is a fantastic way to contribute without spending money. More people than ever are finding their calling through volunteering, regardless of their age or background. Volunteering not only helps the Trust, but also offers personal benefits such as making new friends and improving your well-being.
Let us know how you would like to volunteer!
We can now accept vehicles as donations to our housing work. We have partnered with CARS (Charitable Adult Rides & Services) offers a free vehicle pick-up service, and trades in the value of the vehicle for cash towards the nonprofit’s work. Interested?
Check out our profile with CARS.
Business Sponsorships
Do you run a business in Jefferson and Clallam County? Are inspired to support the growth of affordable workforce housing?
Companies of all sizes play a critical role in enabling our local economy, and in turn we are relying upon the generosity and forward thinking of businesses to step in and support the development of housing that will serve many members of the local workforce.
Contact Kellen Lynch, the Outreach and Development Manager for more information.
