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Planned Giving

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

Benefits

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

Contact Us

Jen DiFranco
Advancement Director
508.459.6931
jennifer.difranco@worcesteracademy.org

Federal Tax ID Number: 042105855

Worcester Academy
81 Providence Street
Worcester, MA 01604

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