Children's Hospital of Pittsburgh Gifts of Life Insurance Policies Donors may make gifts of insurance policies to Children's Hospital of Pittsburgh and receive a charitable contribution deduction for the value of the policy. Donors also may purchase life insurance policies, name our organization as the owner of the policy and take a charitable contribution deduction for each premium payment.
State regulations governing the deductibility of gifts of life insurance vary.
As with all of these options, you should seek the advice of legal counsel before entering into such contracts.