Charitable Gift Annuity for Home

The Charitable Gift Annuity for Home (CGA for Home) is a simple agreement between you and Pepperdine that provides you with guaranteed income for life. You retain control and use of your home for your life, and you begin receiving a guaranteed annuity payment in return for deeding the remainder interest in your property to Pepperdine. The payout rate is based on your age at the time of the gift and when the payments are set to begin.

Summary

Continued control and use of home for one or two lives
Immediate income tax deduction
Fixed annual income for one or two lifetimes
Avoid potential estate tax
Protect assets from future creditors
Can use a personal residence, second home, or a vacation home
Create a permanent legacy for Pepperdine University, its faculty, and students

Tax Benefits

Receive an immediate charitable deduction that may be used to offset income from the CGA for Home and/or other income
Any charitable deduction that cannot be used in the year of the gift may be carried over for up to five additional years
The charitable deduction may increase your after-tax spendable income

Fixed Income for Life

Payment is guaranteed by the full faith and credit of Pepperdine University
The payment is fixed, never increasing or decreasing
A portion of the payment is tax-free, a portion is taxed as capital gain, and a portion is taxed as ordinary income
The payments begin at the time you designate your gift to Pepperdine and are paid monthly, quarterly, semi-annually, or annually

Control and Use of Your Home for Life

You maintain control and use of your home for your lifetime or for your and your spouse’s lifetimes
You retain the option to sell your home and move to a new residence
You continue to pay for maintenance, insurance, and taxes
Does not trigger property tax reassessment in California

Live in Home for Life

*Retain control and use of home for one or two lives (life estate)

*Homeowner pays maintenance, insurance, and taxes

Annuity Payment For Life

*Guaranteed income for life to one or two individuals

*Immediate tax deduction

*Payment based on age of donor(s)

*Portion of income is tax-free

Remainder in Home to Pepperdine

*After lifetime, home benefits Pepperdine, its faculty, and students