Life Insurance

Life insurance gifts are unique and appealing in many regards. A currently owned policy, or a policy purchased for the purpose of a charitable contribution may be given to the Foundation. Relative to a bequest, life insurance payments are more immediate and whole, avoiding delays or costs that can occur in conjunction with settlement of an estate.

Advantages:
- Life insurance contributions do not diminish the size of an estate left to your heirs.
- Insurance claims are discreet, and are not a matter of public record as is true for many wills.
- If the Foundation is designated as the owner and beneficiary of your policy, then the premiums are tax deductible as charitable gifts.
- If a current policy is to be employed, as the current beneficiary may no longer need the intended life insurance protection, changing the beneficiary to the Foundation may be a very simple way to make a contribution, relative to other gift giving mechanisms that are more involved.

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