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Retained Life Estates

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How it works

You transfer your residence, farm, or vacation home to Spelman College subject to a life estate.

You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.

The property passes to Spelman College when your life estate ends.

Benefits

• You receive gift credit and an immediate income tax deduction for a portion of the appraised value of your property.
• You can terminate your life estate at any time and take an additional income tax deduction.
• You have the satisfaction of making a significant gift now that benefits Spelman College later.

More

• Is this gift for you? Click here.
• Read more detail. Click here.

To learn more about retained life estates, Email us, complete the Information Request Form, or call us at so that we can assist you.

Spelman College
350 Spelman Lane, S.W., Box 1551
Atlanta, GA 30314
(404) 270-5126 | Fax: (404) 270-5050