Gifts of Insurance
You may have a life insurance policy that has outlasted its original purpose. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults. You may consider making this insurance policy a gift to support your favorite charity.
Gift of Insurance
Insurance
Foundation
Benefits of gifts of life insurance
- Receive a charitable income tax deduction.
- If The Catholic 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 Catholic Foundation cashes in the policy, your gift will directly impact your parish, school, or favorite charity.
- If The Catholic Foundation retains the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds will be paid to your parish, school, or favorite charity.
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 The Catholic Foundation as the beneficiary of your policy.
Contact us
Please contact us if you have any questions about making a gift of a life insurance policy. Please let us know if you have been so generous to already name The Catholic Foundation as a beneficiary of your life insurance policy.