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

Benefits

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

More Information

Contact Us

Barbara Sine
Director of Advancement Services and Planned Giving
973.992.7000, ext. 362
bsine@newarka.edu

 

Newark Academy
91 South Orange Avenue
Livingston, NJ 07039
Federal Tax ID Number: 22-1487270

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