ABOUT BEQUESTS

You may be looking for a way to make a significant gift to help further the mission of your favorite charity. A bequest is a gift made through your Will or Trust. It is one of the most popular and flexible ways that you can support the cause that matters the most to you.

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CHARITABLE GIFT ANNUITY

A charitable gift annuity is a great way to make a gift to your favorite charity. With this vehicle, you can gift your cash or property to your favorite charity and they will promise to make fixed payments to you for life at a rate based on your age.

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IRA CHARITABLE ROLLOVER

An IRA rollover allows people age 70½ and older to reduce their taxable income by making a gift directly from their IRA.

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Gift Planning Services. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Gift Planning Services. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If Gift Planning Services retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If Gift Planning Services cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If a charitable organization retain the policy to maturity, or you name them as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that they can use the proceeds to further their charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Gift Planning Services as the beneficiary of your 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.

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