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Free To Breathe - A Partnership For Lung Cancer Survival

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Use Your Real Estate Creatively

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Use your real estate creativelyAn attractive option for donating real estate is retained life estate. This arrangement allows you to give your home to the Lung Cancer Research Foundation while retaining the right to live there for the rest of your life. Ownership of your real estate will be transferred to the Lung Cancer Research Foundation at a future date, yet you are entitled to an immediate tax deduction and retain the rights and obligations of ownership for life. You will continue to be responsible for its taxes, structural maintenance, insurance, and upkeep.

You will receive a charitable deduction based on the 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 Free to Breathe without disturbing your income or your living arrangements.

  • You can give us a significant asset but retain the security of using it for the rest of your life. 
  • You receive an immediate income tax deduction for a portion of the appraised value of your property.
  • You can terminate your life estate at any time and may receive an additional income tax deduction.

©2018 Lung Cancer Research Foundation | Federal Tax ID #14-1935776 | LCRF is a 501(c)(3) public charity.