Gifts of Life Insurance
Make a significant gift to Vassar College even without a large estate. Here's how you can leverage your dollars for a larger gift.
How It Works
- You transfer ownership of a paid-up life insurance policy to Vassar College.
- Vassar elects to cash in the policy now or hold it.
- Consider naming Vassar in your long-term plans. It's simple.
Benefits
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction equal to the cash surrender value of the policy.
- You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.
Next
- More details on gifts of life insurance.
- Frequently asked questions on gifts of life insurance.
- Contact us so we can assist you through every step.
Contact Us
Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.
Jeremy Goldberg, Assistant Director of Estate Gift Planning
jeremygoldberg@vassar.edu
845-437-5429
