Gifts of Life Insurance
A gift of life insurance is a creative way to help build our long-term financial strength without diminishing your own. You can purchase a new life insurance policy and designate Grandview Kids Foundation as the beneficiary or make us the beneficiary of an existing life insurance policy.
Why donate life insurance?
A gift of life insurance is a creative way to make a significant contribution to Grandview Kids Foundation at a minimal cost. Modest premium payments today can create a substantial future for Grandview Kids.
Ways to donate life insurance
1: Take out a new policy in the name of Grandview Children’s Foundation.
You’ll receive a charitable tax receipt for the policy’s cash value and any premiums you pay.
2: Name Grandview Children’s Foundation as the beneficiary of an existing policy.
This is a good option if you already have a policy that your family no longer needs for financial stability. At the time of your death, Grandview Children’s Foundation will receive the policy proceeds, and your estate will receive the tax benefits.
3: Transfer ownership of an existing policy to Grandview Children’s Foundation
Receive a charitable tax receipt for the cash value of the policy. If you owe annual premiums on the policy, you’ll still pay them, but you’ll also receive tax receipts in the amount of your payments.
4: Transfer ownership of a partially paid-up policy, with Grandview Children’s Foundation named as owner and beneficiary
You will receive a tax receipt for the policy’s fair market value and annual tax receipts for the ongoing premium payments.