Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Community Foundation of Central Georgia. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Community Foundation of Central Georgia. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If Community Foundation of Central Georgia retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that CFCG can pay the premiums
- 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 allocated to your fund at CFCG so that the proceeds can support your favorite nonprofits in perpetuity.
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 Community Foundation of Central Georgia 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 us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.
