What it is:
For many people, their home is a significant asset that will remain in an estate but will be used for the rest of their lives. A donor can receive a significant lifetime charitable deduction by transferring their home to the BPSEF.
What this means for you is that you continue to live in the house during your lifetime (paying property tax and upkeep on the property). When you die, the property passes to the BPSEF.
Why do this: By transferring your home to the BPSEF and retaining a life estate, you are able to use the home for as long as you need it. By doing this, you receive a current charitable deduction to lower your income taxes now.