Benefits of Gifts of Life Insurance
- Receive a charitable income tax deduction
- If The Community Foundation retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If The Community Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
- If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work
How to Make a Gift of Life Insurance
To make a gift of life insurance, please contact your life insurance provider. Then contact us to receive the wording to use on your beneficiary designation form for your gift.
If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to assist you and answer any 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.