Planned Giving and Other Options: Stock, gifts in-kind, etc. >
Remainder Interest in Home
You may desire to donate (deed) your residence to charity and by so doing, receive an immediate tax deduction while you continue to preserve a life estate and, if so desired, continue to live on the property for the rest of your life. The property must be appraised by an independent, qualified appraiser. Your income tax deduction will be equal to the present value of Phoenix Seminary’s remainder interest in the property. In addition to continuing to live on the property, you maintain and insure the property, and pay the assessed property taxes while you live there.