Planned Giving

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

Benefits

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

More Information

Contact Us

Beth Stresser
Director of Gift Planning
Lake Forest College
847-735-6020
bstresser@lakeforest.edu

 

Lake Forest College
Attn: Gift Planning
555 North Sheridan Road
Lake Forest, IL 60045

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