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

Benefits

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

 

Contact Us

Dale Hammond
Director, Foundation & External Relations
509.777.3730
dhammond@whitworth.edu

Whitworth University Foundation
300 W. Hawthorne Road
Spokane, WA 99251

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