• Through a retained life estate, you can give your personal residence or farm to Rush now, while retaining the right to live there for the rest of your life or for a specified number of years.
  
  

• Nothing will change in your current lifestyle or use and maintenance of the property, but the irrevocable retained life estate arrangement will generate a sizable charitable income tax deduction for you in the year you establish the gift while also reducing the size of your taxable estate.
  
  
• At the end of the retained life estate term (usually your lifetime or joint lifetimes), the property transfers to Rush University Medical Center. Unless it can be used for Rush’s charitable purposes, the asset is typically sold and proceeds allocated to support an institutional priority.
  
  

For more information about life income plans, please contact Vicki Woodward at (312) 942-6954 or vicki_j_woodward@rush.edu.