A gift of real estate with retained life use brings a current charitable income tax deduction as well as the satisfaction of knowing you are providing for the future of  Texas State University.

A gift of a remainder interest in a personal residence or farm occurs when a donor irrevocably transfers title in the property to the University while retaining the right to use the property for a term of time specified at the time of the gift. The term of the gift can be measured by the life of one or more individuals, a fixed term of years or a combination of both. However, these gifts are most frequently established to last for the term of the life or lives of the residents of the donated property – thus, the term life estate.