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

Benefits

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

More Information

Contact Us

Lawrence Ghannam, JD
Development Director
947.522.0112
Lawrence.Ghannam@corewellhealth.org

 

Corewell Health Foundation
26901 Beaumont Blvd., Floor 5D
Southfield, MI 48033
Federal Tax ID Number: 38-1459362

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