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Gift
Plans Bequest Charitable
Bargain Sale Charitable Gift Annuity Charitable
Lead Trust Remainder
Annuity Trust Remainder Unitrust Retained
Life Estate
Gifts of Life Insurance
CLICK HERE FOR A DETAILED EXPLANATION
How It Works
You transfer ownership of a paid-up life insurance policy to Washington College.
After the transfer, Washington College elects to cash in the policy now or to keep the policy and receive the death benefit later.
Benefits
- You receive gift credit and an income tax deduction for the lesser of the cash surrender value of the policy or the total of you premium payments.
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
- You have the satisfaction of making a significant gift now to Washington College without adversely affecting your cash flow.
More
- Is this gift for you? Click here.
- Read more detail. Click here.
To learn more about gifts of life insurance, Email us, complete the Information Request Form, or call us at 410-810-7411 so that we can assist you.
300 Washington Avenue, Chestertown, Maryland 21620 | 410-778-2800 | 800-422-1782