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Retained Life Estate: The Details

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.

Is this gift right for you?

A retained life estate is for you if…

  • You want to use your residence to make a gift to the National Audubon Society, but don't want to move out.
  • You are willing to deed your home, cabin, or farm to theNational Audubon Society if you can continue to live there rent-free.
  • You continue to maintain your home.
  • Your home is not subject to a mortgage or other obligations.
  • You do not need the funds that would be generated by selling the property.
  • You wish to reduce your estate taxes.

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.

Please contact us so that we can assist you through every step of the process.


We’re Here To Help! Please contact us for further assistance.

Office of Gift Planning
National Audubon Society
225 Varick Street, 7th Floor
New York, NY 10014

Your team

The National Audubon Society is a not-for-profit 501(c)(3) organization. Our federal tax ID number is 13-1624102.