Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a legacy gift. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to your parish, Catholic school or ministry endowment fund. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance

Insurance

CFNGA

Benefits of gifts of life insurance

• Receive a charitable income tax deduction
• If your parish, Catholic school or ministry retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
• If your parish, Catholic school or ministry cashes in the policy, you will be able to see firsthand how your gift supports their charitable work
• If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include your parish, Catholic school or ministry endowment fund as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named your parish, Catholic school, favorite ministry or the Catholic Foundation as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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