Gifts of Real Estate

A gift of a personal residence, farm, vacation home or other type of real estate can provide another way of making a donation to the Fairfax Library Foundation If you are considering leaving your house to the Library Foundation in your will, you might consider making the gift now, while retaining the right to live in your house for the rest of your life. This type of gift is called a "Retained Life Estate" and provides a significant current income tax deduction, without changing your lifestyle. Please note: potential gifts of real estate are evaluated on a case-by-case basis before being accepted.