If the policy is paid up, your charitable contribution is usually the replacement value or cost basis of the policy, whichever is less. Ongoing premiums paid on a contributed life insurance policy also may qualify for charitable deduction. Bequests A bequest is a gift given at the time of the death of the donor. It is one of the easiest ways to make a planned gift for the future. Fuller Theological Seminary may be designated as a beneficiary either by rewriting your will or trust, by the addition of a codicil to your existing will, or by an amendment to your existing trust.
Bequests usually permit an estate tax deduction for the amount of the gift.
Estate Planning Assistance Fuller Theological Seminary, through the Fuller Foundation, offers a number of other estate planning services, which can be tailored to your specific needs and can provide other avenues of financial support for the seminary. Contact Fuller Theological Seminary Fuller Theological Seminary 135 N. Oakland Ave. All Rights Reserved.