Annual Fund for Academic ExcellenceCNU Chapel Campaign
Scholarships
Annual Fund
Captain's Crew
Parents Council
Partner in the Arts
TeleFund

Leadership GivingAlumni House Campaign
Named Gift Opportunities
Endowed Scholarships
Inner Circle
Royal Court

Planned GivingNavigator Society
Deferred Gifts
Support through Planned GivingAlumni Relations

 

Office of University Advancement header

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.

back to top

All gifts to benefit CNU should be made to the Christopher Newport University Educational Foundation, Inc., a 501-c-3 organization (charity) qualified through the Internal Revenue Service.

Lucy Latchum
Director of Planned Giving and Scholarships
Administration Bldg., Room 360
(757) 594-7702
llatchum@cnu.edu