Planned Giving >>> Deferred Gifts >>> Life Income Gifts

Gift of Remainder Interest in Residence

You may give the remainder interest in your personal residence(s) or farm(s) to the CNU Educational Foundation. You continue to live in your house and maintain it throughout your lifetime.

This is an irrevocable gift. Your income tax deduction, which may be taken during the tax year you make the gift and over five additional years, is based on your life expectancy and the appraised value of your property. Your income tax deduction for such gifts of appreciated property is limited to 30 percent of your adjusted gross income each year you claim a deduction.

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