Life Estate Gift Annuity
A Life Estate Gift Annuity allows you to make a significant future gift to Sharp but still enjoy the full use of your home while also receiving a fixed, recurring income and an immediate charitable income tax deduction.

Benefits of a life estate gift annuity
- Retain the full use and enjoyment of your home.
- Create an income stream for your lifetime and that of a loved one.
- Receive an immediate income tax deduction that can be applied this year and may be deducted up to an additional five years.
How a life estate gift annuity works
- You deed your home or farm to Sharp HealthCare Foundation. The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
- In exchange, Sharp promises to pay fixed payments to you for life. The payment can be quite high depending on your age, and a portion of each payment may even be tax-free.
- You and Sharp HealthCare sign a maintenance, insurance and taxes (MIT) agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
- You receive a charitable income tax deduction for the gift portion of the annuity.
- When the owners of the life estate pass away, Sharp will sell the property to support the hospital or program you have selected.
Other considerations
- Life Estates Work for Loved Ones, Too—The life estate can last for your life or on your life and that of another person such as a spouse or loved one.
- Mortgage Debt—In many cases it is possible for you to make a gift of your property even though there is a mortgage upon the residence.
Contact us
To learn more about a gift annuity for your home, please contact us. We would be happy to assist you and answer your questions.