GIFTS OF LIFE INSURANCE
A gift of your life insurance policy is an excellent way to make a gift to the Columbus Public Schools Foundation. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your policy to the Columbus Public Schools Foundation . For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
BENEFITS OF GIFTS OF LIFE INSURANCE
Receive a charitable income tax deduction
If Columbus Public Schools Foundation retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums.
If Columbus Public Schools 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 answer 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.