You can turn your property's value into community good, while receiving financial and tax benefits, by making a charitable gift of real estate through the Foundation.

You and your family can continue to live in and fully enjoy your home (or vacation property) as long as you like while still giving the future ownership of it to the Foundation. This is called a retained life estate. The gift of the "remainder interest" is a charitable contribution in the year the gift arrangement is made, which may result in a substantial income tax charitable deduction. When the life tenancy terminates, the Foundation becomes the owner of the property. The proceeds of the property's sale will go into a charitable fund you establish at the Foundation or be distributed to the charitable organizations you specify.

• The personal residence may be a farm or vacation home as well as your principal residence.
• The donor avoids capital gains tax on the appreciation provided there is no mortgage on the property.
• The donor may claim an income tax charitable deduction in the year of the gift, with carryover privileges for up to five additional years.
• The property is removed from the donor's estate, which will realize estate tax savings. The gift will also avoid probate and estate administration expenses.

• Discuss your situation with your advisor or with a member of the Donor Services Team.
• Decide which type of charitable fund you want to establish.
• Discuss your needs and objectives with the Foundation so we can arrive at an appropriate agreement regarding responsibility for the property during the term of the life tenancy.
• The Foundation will draft a deed of gift and agreement regarding responsibility for you to discuss with your advisor.
• Sign the deed of gift and continue to use the property as in the past.
• Claim an income tax charitable deduction based on the remainder value of the property.