Minnay Development Foundation

Donations

Life Estate

Life Estate

Life Estate Gifts

Advantage to Donors:
Donors can receive a sizeable charitable income tax deduction by making a gift to The Foundation of their personal residence or farm while retaining full use and rights to the property during their lifetime.

The donor retains a "life estate" and The Foundation receives the "remainder interest." A current gift of a remainder interest deed (which retains the life estate for the donor) may be especially appealing to older donors, particularly if they had originally planned to make a bequest of their resident (or farm) to The Foundation.
A donor is not required to transfer the entire acreage attached to the personal residence or farm, but may keep or sell a portion of the property and still receive the special tax benefits for a remainder interest gift to charity.

A gift by remainder interest deed to charity may prevent or put an end to any family contention over future disposition of certain assets in a donor’s estate.

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Life Estate	Life Estate
	Life Estate Gifts Advantage to Donors: Donors can receive a sizeable charitable income tax deduction by making a gift to The Foundation of their personal residence or farm while retaining full use and rights to the property during their lifetime. The donor retains a "life estate" and The Foundation receives the "remainder interest." A current gift of a remainder interest deed (which retains the life estate for the donor) may be especially appealing to older donors, particularly if they had originally planned to make a bequest of their resident (or farm) to The Foundation. A donor is not required to transfer the entire acreage attached to the personal residence or farm, but may keep or sell a portion of the property and still receive the special tax benefits for a remainder interest gift to charity. A gift by remainder interest deed to charity may prevent or put an end to any family contention over future disposition of certain assets in a donor’s estate.








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