Is This Gift Right for You?

Calculate Your Benefits
A retained life estate works for Gustavus Adolphus College supporters who would like to use their homes to support our mission but continue living there for life. Review this checklist to help you further determine whether this way to give works well for you.

Profile of a Giver

  • You want to make a major gift to Gustavus Adolphus College after your lifetime.
  • You enjoy living in your home and envision living there for the rest of your life.
  • You're happy to retain many of the rights and responsibilities of homeownership (maintenance, insurance, property taxes, etc.) and feel comfortable deeding us your home today.
  • You want immediate income tax relief.

Punching the Numbers

The amount of your income tax deduction depends, in part, on the value of the property and your age (and the age of any other person given life use). Your tax professional can help you determine what your benefit will be.

Gift Calculator Calculate your possible benefits for arranging a retained life estate with us.

We Can Help

Contact Jackie Peterson at 507-933-7543 or jpeters9@gustavus.edu with any questions about establishing a retained life estate with Gustavus Adolphus College. We're happy to help, without obligation.


Your Next Steps
Getting Started | Is This Gift Right for You? | Case Study | How to Complete Your Gift | Changing a Life Estate | Action Items