Retained Life Estate

A retained life estate agreement is one way to contribute real estate to Penn State. This giving option allows you to remain living in or using your home, vacation home, or farm while establishing a gift of that property to Penn State. You receive an income tax deduction in the year you make the gift, and Penn State receives the property at the end of the retained life estate term, usually your lifetime.

Benefits of establishing a retained life estate gift include:

  • Maintaining maximum use and enjoyment of your property throughout your lifetime
  • Receiving an immediate income tax deduction
  • Removing a taxable asset from your estate

To learn more about how you can make a retained life estate gift, download our download our Retained Life Estate fact sheet and other publications.

Penn State’s Office of Gift Planning will confidentially answer your questions about giving and work closely with your legal, tax, and other advisers to come up with an integrated plan that meets each of your personal goals. Please contact us anytime or click here to learn more.