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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‚Äôs 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

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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

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Remainder in Home to Pepperdine

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