About remainder interests in property
Remainder interests in property are a type of legacy giving arrangement that allow an individual to donate their home or other real property to a charitable organization while retaining the right to live in the property for the rest of their life.
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 our mission.
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 can use it or sell it in support of our mission.
Consult with a qualified estate planning attorney and a financial advisor to determine if this is the right option for you.
Please refer to Woodwell Climate’s Gift Acceptance Policy for additional details.
Learn more about remainder interests in property
Consult with a qualified estate planning attorney and a financial advisor to determine if this option is right for you.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Beth Bagley
Title :Director of Legacy Giving
Phone: 508-444-1517
Email: bbagley@woodwellclimate.org
Already included us in your estate plan? Let us know
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Donations in your will or trust are (by far) the most popular type of legacy gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
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.