Life Insurance
Gifts of life insurance allow donors to make a future major gift to the Foundation at a relatively modest cost. Donors can name the Foundation as the owner and beneficiary of existing policies that they no longer need. Alternatively, donors may purchase new policies and name the Foundation as the owner and beneficiary. This type of donation entitles the donor to a federal income tax deduction in the amount of the cash surrender value of the policy in the year the gift is made.
