Youth In Need may accept both outright and planned gifts of real estate based upon all of the terms and conditions of its Planned Giving Policy.
Prior to accepting any gift of real property, Youth In Need shall review such facts as sale and holding costs, current and future market conditions, encumbrances, liabilities, title, use or other restrictions and any potential environmental issues. Youth In Need views gifts of real estate the same way they would if they were wanting to buy a piece of property.
Retained Life Estate allows Youth In Need to accept an irrevocable gift of a personal residence, farm, or vacation home where the donor continues to live for life. A donor making a retained life estate gift will enjoy an immediate income tax deduction, and since the property has been given to Youth In Need, the value will not be included in the donor’s probate estate.
To leave a legacy for future generations, contact Rob Muschany, Chief Development Officer, at 636-757-9348, or contact your money manager.