By naming the Foundation as owner and beneficiary of a life insurance policy, premium payments are tax deductible. You can also give an existing policy and receive tax benefits. A third option is for the Foundation to be named beneficiary of the contract. Through a will or revocable living trust, you can leave all or a portion of your estate to the Foundation. Giving through a bequest often appeals to donors who want to make a gift, but also want to make sure that they have what they need while living.
Bequests reduce the size of the estate, often reducing estate taxes.
You can name the Foundation as beneficiary of a life insurance contract, annuity or retirement assets, and enjoy giving flexibility as well as certain tax advantages. Gifts Providing a Stream of Income. A number of plans allow you to make a gift to the Foundation, and in return receive an income for you, a spouse, children or others.