Minnay Development Foundation

Donations

Life Insurance

Life Insurance

Gifts of Life Insurance

Advantage to Donors:
The best use of life insurance for charitable giving is related to the concept of "wealth replacement" – where insurance for family members is purchased with tax savings generated by life-income gifts (annuities, charitable remainder trusts, etc.).

Many donors whose families are grown find themselves over insured and capable of donating an insurance policy to The Foundation. A paid-up policy makes a wonderful gift to The Foundation.
Donors who wish to make a revocable gift of life insurance proceeds may do so by simply designating Minnay Development Foundation as beneficiary.

A tax-deductible gift can be made by irrevocably designating The Foundation as both policy owner and beneficiary of a new or existing policy.

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