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Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate

Gift of Personal Residence or Farm with Retained Life Estate Diagram. Description of image is listed below.

How It Works

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

Benefits

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

Contact Us

Jackie Comesanas
Executive Director of Gift Planning
(212) 636-7244
jcomesanas@fordham.edu

Fordham University
45 Columbus Avenue, 8th Floor
New York, NY 10023
Tax ID number (EIN): 13-1740451

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