Glossary of Terms and Definitions

Glossary Term: Residual Interest Gift (relating to University Gift Acceptance)

Definition:

an arrangement under which property is deeded to the University, but the donor retains use of the property for their lifetime or a term of years. Examples include: a donor gives a residual interest gift in a residence and continues living there; a donor give a residual interest gift in a work of art and retains possession of the work of art
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