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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

How It Works

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

Benefits

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

More Information

Contact Us

Heather Harlan Warnack

Heather Harlan Warnack
Director of Development
hwarnack@gilman.edu

Mary Ellen Porter

Mary Ellen Porter
Associate Director of Development &
Director of Planned Giving
meporter@gilman.edu

 

Gilman School
5407 Roland Avenue
Development Office
Baltimore, MD 21210
410-323-7178

Federal Tax ID Number: 52-0591604

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