Planned Giving

Retained Life Estates

How it works

  1. You transfer your residence, farm, or vacation home to Bob Jones University Museum & Gallery* subject to a life estate.
  2. 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.
  3. The property passes to BJU M&G* 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 can have the satisfaction of making a significant gift now that benefits BJU M&G* later.

A retained life estate is for you if ...

  • You want to use your residence to make a gift to Bob Jones University, but don't want to move out.
  • You are willing to deed your home, cabin, or farm to Bob Jones University if you can continue to live there rent-free.
  • You can continue to maintain your home.
  • Your home is not subject to a mortgage or other obligations.

Read more detail.

To learn more about retained life estates, email us, complete the Information Request Form, or call us at 888.252.6363 so that we can assist you.

*BJU does not qualify as a 501(c)(3) tax-exempt organization, and gifts to it may not be deducted for federal income, gift, or estate tax purposes. The BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, and GFA are all 501(c)(3) tax-exempt organizations, and gifts to these organizations may be deducted for federal income, gift, or estate tax purposes. All gifts above marked by an asterisk can be established only for the BJU M&G, MSF, HAF, DNSF, S&E Endowment Fund, or GFA, but not for BJU.

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