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

Benefits

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

Contact Us

Chris Kenrick
Associate Director of Philanthropy
973-509-7933

Montclair Kimberley Academy
201 Valley Road
Montclair, NJ 07042

Federal Tax ID number: 23-7365263

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