Gifts of Life Insurance
Make a significant gift to St. Joseph’s Hospitals Foundation even without a large estate. Here's how you can leverage your dollars for a larger gift.
How It Works
- You transfer ownership of a paid-up life insurance policy to St. Joseph’s Hospitals Foundation.
- St. Joseph’s Hospitals Foundation elects to cash in the policy now or hold it.
- Consider naming St. Joseph’s Hospitals Foundation in your long-term plans. It's simple.
Benefits
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction equal to the cash surrender value of the policy.
- You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.
Next
- More details on gifts of life insurance.
- Frequently asked questions on gifts of life insurance.
- Contact us so we can assist you through every step.
Contact Us
Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.
Explore More Gift Options
Will or Trust →
You can plan a gift that will not affect your cash flow.
Appreciated Securities →
Take advantage of appreciated securities, avoid tax.
Life Insurance →
Make a significant gift, no matter the size of your estate.
Retirement Plan →
Donate double-taxed assets and leave more to family.
Real Estate →
Donate a valuable asset, receive powerful tax benefits.
Personal Property →
Donate personal property, receive signifcant tax benefits.
Donor-Advised Fund →
Make a gift from your DAF, or name us a beneficiary.