Living in a Charitable Deduction
How it works

You transfer your residence, farm, or vacation home to Lawton Christian School subject to a life estate.
 
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.
The property passes to LCS 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 LCS later.