You can deed your home, farm or vacation house, save taxes with a current income tax deduction, and continue to use the property for the rest of your life.
A retained life estate is for you if…
An attractive option for donating real estate is the retained life estate. This arrangement allows you to give your home to Audubon while retaining the right to live there for the rest of your life.
You will continue to be responsible for its taxes, structural maintenance, insurance, and upkeep. The National Audubon Society has no rights to the property nor, by law, any obligations.
You will receive a charitable deduction based on the appraised fair market value of your home minus the present value of the life tenancy you have retained. Additionally, any capital improvements, such as a new roof, may give rise to additional deductions.
With a retained life estate, you are able to make a significant gift to Audubon without disturbing your income or your living arrangements.
Office of Gift Planning
National Audubon Society
225 Varick Street, 7th Floor
New York, NY 10014