RETAINED LIFE ESTATE

A Retained Life Estate or Gift of Real Estate with Retained Life Interest allows a donor to contribute a personal residence (or condo) or farm to Sibley and retain the right to occupy the property until the donor's death. This enables the donor to make an irrevocable gift to the hospital and receive a current income tax deduction for the property's discounted value and allows the donor to enjoy the use of the property for the rest of his or her life. A gift of a remainder interest in a personal residence or farm provides the donor with a charitable deduction for the present value of the remainder interest and permits the donor to avoid any potential capital-gains tax on the appreciation. Such gifts may be explored with a member of the Foundation staff.

For more information on ways to make a gift to Sibley, please contact the Foundation at (202) 537-4257 or email Audry Carter: acarter@sibley.org or Dulcy Hooper: dhooper@sibley.org.