How It Works:
You deed your home, farm, vacation residence or other property to the Foundation, with a provision that you can continue to use your property for the rest of your life and the life of your spouse or any other specified individual.
You will still be responsible for maintenance, taxes and insurance and can also receive any rent, agricultural proceeds or other income from the property.
After your and your spouse’s lifetimes, the Foundation will take ownership of the property and use or sell it to benefit the university according to your wishes.