If you wish to donate a property to charity but you still need to use it, we can help with that. This is known as a retained life estate gift, and it can provide significant tax benefits. You receive an immediate tax deduction, and the property is excluded from your taxable estate. At a designated point in the future, the property’s ownership is transferred to IRUSA’s waqf.
In a retained life estate, you continue to maintain the property and to pay property taxes. You can give up use of the property at any point. At that time, you would no longer be responsible for taxes or maintenance and would receive a further charitable income tax deduction.