GIFTS OF LIFE INSURANCE
A life insurance policy can be a cost-effective way to support charitable causes, especially for a younger donor. Last-to-die policies offer affordable premiums with large charitable benefits and are available to all adult age groups. Typically, you would establish an endowment fund at the Dallas Jewish Community Foundation. The insurance policy would be owned by, and subsequently funds, the endowment fund. This fund pays income in perpetuity to the charities you designate, perpetuating your name forever. When the Foundation owns the policy, your premium payments are tax deductible contributions.
This program will allow you to ensure the future of our community in a unique and meaningful way using life insurance as the vehicle. Life insurance allows you to make an extremely cost-effective, far-reaching and significant contribution to the future of the Dallas community.
AT-A-GLANCE
Make a significantly larger contribution than otherwise possible, because of the relatively low cost of an insurance policy.
Satisfy your charitable intent without using existing assets needed by you or your family.
Designate the use of the proceeds in advance.
Take advantage of the significant financial incentives encouraged by the IRS.
Take advantage of the significant financial incentives encouraged by the IRS.