About Retained Life Estates
A Retained Life Estate is a planned giving arrangement where individuals can donate their home or real property to a charitable organization while retaining the right to live in it for their lifetime.
It is ideal for homeowners who wish to make a significant charitable gift while still enjoying the property’s use and avoiding the complexities and costs associated with transferring ownership during their lifetime.
Benefits
- Potentially receive a tax deduction for the value of the charitable gift.
- Retain the right to live in the property.
- Make a significant charitable gift in support of Rutgers.
How it works
- Transfer ownership of the property to us, but retain the right to live in the property for the rest of your life.
- Continue responsibility for all maintenance, insurance, and property taxes on the property during your lifetime.
- If eligible, receive a tax deduction for the value of the charitable gift.
- When you pass away, we assume ownership of the property and sell it to support Rutgers.
There may be some restrictions on the types of property we can accept, so please contact us before you donate.
Learn more about Retained Life Estates
Contact our Estate and Gift Planning team to learn more about this option and whether it may be right for you.
Contact Us
Our team is available to discuss your philanthropic goals and explore giving options that align with your values, family, and financial priorities.
Already included us in your estate plan? Let us know.
More ways to make an impact
Gifts in a will or trust
These are the most common type of planned gift. Learn more or get started with a free online will or trust tool.
Beneficiary designations
Retirement assets like IRAs and 401(k)s can be among the most tax-efficient assets to leave to charity, helping maximize your impact while preserving other assets for loved ones.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.