Life Estate

You may desire to leave your home or farm to the “University of Georgia Foundation” at your death but would also like to receive a current charitable income tax deduction. A life estate reserved might offer the solution you need!


  1. You deed your home or farm to the “University of Georgia Foundation.” The deed will include a provision that gives you the right to use your home or farm for the rest of your life and that of any other life estate party named in the deed.
  2. You and the University of Georgia Foundation will sign an agreement to explain that you will do your best to keep the property in good condition and that you will maintain property insurance and pay the property taxes.
  3. When the owners of the life estate have passed away, your home or farm will belong to the University of Georgia Foundation. The Foundation will use or sell the property to be used in the manner agreed upon between you and the Foundation.

Benefits of a life estate reserved

  • Receive a federal income tax deduction for the value of the remainder interest in your home or farm
  • Preserve your lifetime use and control of your home or farm
  • Create a life estate based on more than one life. This will preserve the use of the property for you and a loved one, such as a spouse or dependent child

Contact Us

If you are considering a gift of property, whether outright or a retained life estate, please contact us in advance so that we can coordinate with you and your professional advisors to ensure that the gift complies with Foundation policy and that the Foundation is in a position to accept the real estate. The Foundation’s policy on acceptance of gifts of real estate can be viewed by clicking here.