Gifts of Insurance
A life insurance policy is an excellent way to make a gift. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits
- Receive a charitable income tax deduction
- Properly structured, a gift of life insurance can greatly increase your philanthropic impact.
- Leverage your giving by naming a new policy or transferring an existing policy to the Foundation to be designated to your favorite organization(s).
- You may receive an immediate and future income tax deduction for the premiums paid or value of the transferred policy.
Contact us
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.
Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.