Planned Giving Opportunities

Gifts of Life Insurance

A life insurance policy becomes a contribution to psychology when the donor turns the policy over to the Foundation as its owner and beneficiary. The donor can receive a number of tax benefits by making this designation. Premium payments made on the policy can be considered charitable gifts. The cash value of the policy can be considered an immediate tax deduction for the donor, and the policy’s value can be removed from a donor’s taxable estate.

For more information about charitable remainder trusts, contact Elisabeth Straus, Executive Vice-President/Executive Director, at (202) 336-5824.