Retained Life Estates

A "retained life estate" is an arrangement by which the owner of a residence, vacation home or other property donates the real estate to a favorite cause while simultaneously residing in and maintaining control of the property. Such gifts allow significant income tax deductions in the year the gift is completed. Upon the death of the donor, the university takes possession of the real estate and liquidates it, using the assets to continue its educational mission.

For additional information on making a gift of a retained life estate, please contact Director of Gift Planning Carl E. Johnson, Ph.D., CFP®, at (704) 687-7217 or e-mail.