Charitable Foundation

Giving Opportunity: Retained Life Estate

You may be able to donate your home to White Memorial Medical Center, but continue living in it. A gift of your home, farm, vacation home or condominium—even with stipulations about occupancy—results in a charitable deduction on your income tax.

The retained life estate also provides you with a way to let someone other than you or your spouse have life occupancy of your home without the associated estate tax payments.

Benefits of Retained Life Estate include:

• Lifetime use of the residence for you and/or another person
• Income tax savings through charitable deduction
• Estate tax savings, even when you give someone other than your spouse lifetime use
• Ability to give only partial interest in property and still receive tax advantages

If you would like more information about making a gift to the White Memorial Medical Center Charitable Foundation, please call us at (323) 260-5739.

The White Memorial Medical Center Charitable Foundation is licensed by the City of Los Angeles-Police Commission Charitable Services Section to make appeals for charitable donations. If you would like to see a copy of our permit, please contact us.