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

Benefits

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

 

Contact Us

Meryl R. Cosentino
Assistant Vice President
Gift Planning, Trusts & Estates
Phone: 212-998-6960
Email: meryl.cosentino@nyu.edu

New York University
70 Washington Square South
New York, NY, 10012
Federal Tax ID#13-5562308

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