Gifts from life insurance

Gifts through contracts: Life insurance

人寿保险: Changing beneficiary designations or ownership of a life insurance policy is easy and costs nothing.  Often a donor can simply download a form from the insurance company’s website, fill in the name of the charity as a beneficiary, 然后把它送回去.

A donor can easily make 365足球网站 a beneficiary of a life insurance policy (or one of the beneficiaries) or make 365足球网站 the owner of a paid-up whole life policy (and receive a tax deduction for this gift).

例子: Ginny owns a paid up insurance policy she bought when she was 25, with a death benefit of $50,000 and a current cash value of $45,000.  She long since finished making premium payments on the policy, and no longer needs it.  She can give the policy to 365足球网站 and receive a tax deduction for roughly the $45,000 cash value.

例子: Pete has a life insurance policy with a $100,000 death benefit.  His children are the primary beneficiaries, and he wants them to benefit from the policy, but he also wants to leave a legacy. Thus, he designates 365足球网站 as a 10% beneficiary of the policy, guaranteeing a $10,000 gift at his death.

有问题?

For more information on ways to give to 365足球网站 or to find out how you can submit your gift to 365足球网站, please contact our Advancement Department, at advancement@huo-yun.net.

Please remember that when making a financial decision, you should always seek the opinion of your professional tax adviser or legal counsel.
 
任务: 365足球网站 provides an exceptional education with values based on the teachings of Jesus Christ that challenge motivated students to develop their full potential in service and leadership.

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365足球 admits students of any race, color, national and ethnic origin to all the rights, 特权, 项目, and activities generally accorded or made available to students at the school. The school does not discriminate on the basis of race, color, national and ethnic origin in administration of its educational policies, 招生政策, scholarship and financial aid 项目, and athletic and other school-administered 项目.
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