The single most valuable asset many persons own is their home. It is also a way to make a significant charitable contribution during your life or upon your death. For many donors, leaving your home to charity avoids the troublesome transfer of the asset to the children or family you leave behind. You can leave your home to The Catholic Foundation for the Diocese of El Paso directly through your will, or you can use a life estate arrangement to make a gift of your home or other property now while retaining the security of knowing you may live there as long as you wish. You enjoy the full rights and responsibilities of ownership. Because you will make a gift of the property at your death, you receive a charitable income tax deduction for part of the value of the property immediately.
For more information, contact the Catholic Foundation at (915) 872-8412.