Diethelm and Peggy Prowe first met during a welcome lunch for new faculty members in the fall of 1966, when they were seated together at President John Nason's table. Now that the couple is retired, they have set up a deferred charitable gift annuity to benefit the College and assist in their future planning. Read More
You transfer the title to your residence, farm, or vacation home to Carleton College and live there for the rest of your life.
Continue to live in the property for life or a specified term of years, and continue to be responsible for all taxes and upkeep.
The property passes to Carleton when your life estate ends.
Benefits
You can give us a significant asset but retain the security of using it for the rest of your life.
You receive an immediate income tax deduction for a portion of the appraised value of your property.
You can terminate your life estate at any time and may receive an additional income tax deduction OR you and Carleton may jointly decide to sell the property and prorate the sale proceeds.
