Gift planning

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Gift of Insurance

A life insurance policy is a simple way to make a major gift to the community with possible tax benefits during your lifetime. Life insurance allows you to direct insurance policy proceeds to a fund at the Community Foundation. You may name the Foundation as owner and beneficiary of the policy, or you can retain ownership and name a fund at the Foundation as the primary or contingent beneficiary. We work with you and your legal and tax advisors to help fulfill your charitable goals while providing maximum tax benefits.

Gift of Insurance
Insurance
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Make a Gift of Life Insurance Today

Did you know that you can give your life insurance policy to the Community Foundation today and receive a charitable income tax deduction? You can also make deductible contributions to the Community Foundation each year, which we may use to pay the premiums.

Designate Us as Beneficiary of Your Policy

You can also designate your fund at the Community Foundation as the beneficiary of your life insurance policy. You will continue to own, and can make use of, the policy during your lifetime. The policy will be included in your taxable estate when you pass away, but your estate will benefit from an estate tax charitable deduction for the value of the gift to us.

Email Director of Professional Advisor Development Frank Horrell or call him at (901) 722-0027 if you are considering a gift of life insurance.

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