Insurance Charitable giving with life insurance allows many donors to make a more substantial gift than would be possible with any other method. It has been referred to as immortality on the installment plan. Silver Lake College's Invest in Futures program seeks gifts of new or existing policies for the college's endowment fund.
Life insurance is a guaranteed gift.
There is no need for the college or the donor to be concerned with the floating value of stocks or bonds. If the college owns the policy, the donor's premiums will be deductible for income tax purposes. The delays and costs of probate are avoided. Payment is made permanently and in cash.