Receive a large deduction by donating a residence while retaining the right to live there for life.

How it works
1. You transfer your residence, farm, or vacation home to the Severna Park Community Center subject to a life estate. 
2. You continue to live in the property for life or a specified term of years, while continuing to be responsible for all taxes and upkeep.
3. The property passes to the Severna Park Community Center when your life estate ends.

Benefits
• You receive gift credit and 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 take an additional income tax deduction.
• You can have the satisfaction of making a significant gift now that benefits the Severna Park Community Center later.

Our team of professionals is available to work with you and your tax, financial, and estate advisors in forming a gift plan.

For more information, contact:
Chris Marsala, Executive Director
Severna Park Community Center
623 Baltimore-Annapolis Blvd
Severna Park, MD 21146
E-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it
Phone: (410) 647-5843

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