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

Benefits

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

More Information

Contact Us

Tony Balistrere
Director of Development
484-628-5126
tony.balistrere@towerhealth.org

 

Reading Hospital Foundation
ATTN: Tony Balistrere
PO Box 16052
Reading, PA 19612

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