Gift of Personal Residence or Farm with Retained Life Estate

How It Works

1. Transfer title to personal residence or farm to the U of I Foundation
2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
3. The U of I Foundation keeps or sells property after your death(s)

Benefits

• No out-of-pocket cost for substantial gift to the U of I Foundation
• Federal income-tax deduction for remainder value of your residence or farm
• You (and spouse) can occupy residence for life

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