A gift of your life insurance policy is an excellent way to make a gift to Greater Houston Community Foundation. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Greater Houston Community Foundation. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits
• Eligible to receive a charitable income tax deduction.
• If the Foundation retains the policy to maturity, you could receive additional tax deductions by making annual gifts so that we can pay the premiums.
• If the Foundation cashes in the policy, the proceeds are deposited in your Donor Advised Fund, and you can recommend grants to your preferred charities. If the Foundation retains the policy to maturity, or you name the Foundation 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 charitable work.
How It Works
Entrusting your life insurance policy to Greater Houston Community Foundation not only ensures your philanthropic legacy lives on but also simplifies the process for you and your loved ones. Our team is here to support you every step of the way, making this transition as smooth and meaningful as possible. Reach out to us today, and let’s work together to create a lasting impact that reflects your values and generosity.