Insurance A gift of an insurance policy can be made to Columbus State University by naming the Columbus State University Foundation the irrevocable owner and beneficiary of the insurance policy. The policy s value is a charitable contribution in the year of transfer, and you may remove the proceeds from your estate for federal estate tax purposes. You may also purchase life insurance policies and name the Columbus State University Foundation as the owner of the policy and receive a charitable deduction for each premium payment.
State regulations governing the deductibility of gifts of life insurance vary.
Please seek advice of personal legal counsel when considering a gift of insurance. Copyright 2000, University Advancement, Columbus State University all rights reserved.