Life Estate Contracts
Many families or individuals are simply unable to consider a significant cash gift to Creighton Prep. But there are numerous men and women who have an interest in the School and who are willing to express an abiding interest in the school with a Life Estate Contract. For those who desire to create an endowment or have an impact on the full development of the master plan for Creighton Preparatory School, a Life Estate Contract may be the answer.
A family with a personal residence or farm -- preferably one on which there is no existing debt -- can transfer the deed to Creighton Preparatory School and reserve for themselves the right to live on or use the property for their lifetime. The donor receives a tax benefit for the gift based upon their age and life expectancy. This is an irrevocable gift for which the donor can receive immediate recognition.