Retained Life Estate

One of your valued possessions, your home, can become a valued gift to the Education Foundation even while you are still living in it, and even if you want your spouse or other person to live there for life. This arrangement is called a retained life estate.

By deeding a personal residence to a charitable organization, you can obtain a sizable income tax deduction in the current year. The amount depends on the value of the property and your age (and the age of any person given life use). In addition, you retain the right to rent your home or make improvements to it. You continue to have responsibility for maintenance, insurance and property taxes.

For more information on deeding your home to the Education Foundation, contact us at 1-877-CCIMEF-1.