The Right Choice for Your Success

Gift of Personal Residence or Farm with Retained Life Estate

Diagram Description

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

Benefits

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

 

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Contact Us

Amy Crosby
Interim Executive Director
(309) 298-1828
al-crosby@wiu.edu

Foundation and Development
303 Sherman Hall / 1 University Circle
Macomb, IL 61455 USA
Federal Tax ID Number: 37-0910458

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