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 the Prichard Committee
  2. No change in your lifestyle—you (and spouse) occupy and enjoy residence or farm for life
  3. The Prichard Committee keeps or sells property after your death(s)

Benefits

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

Contact Us

Shawn J. Lyons 
Vice President and Director of Philanthropy
859-227-0987
shawn@prichardcommittee.org

The Prichard Committee for Academic Excellence
2285 Executive Drive, Suite 120 
Lexington, KY 40505
Federal Tax ID#: 61-1026214

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