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

Benefits

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

Contact Us

Quiy Saunders
Coordinator, Community Giving and Impact
470-588-8223
give@mountvernonschool.org

The Mount Vernon School
510 Mount Vernon Hwy NE
Atlanta, GA 30328
Federal Tax ID Number: 58-2054415

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