Gifts of Insurance
If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Wright State University. 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 the Wright State University Foundation retains the policy to maturity, and it is not paid up, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If the Foundation cashes in the policy, you will be able to see firsthand how your gift supports Wright State
- If the Foundation retains the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to the Foundation and go to the scholarship, program, or area of the university you wish to support
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 Wright State University Foundation as the beneficiary of your policy.
You can also take out a new permanent life insurance policy through the Wright State University Foundation with the proceeds to benefit Wright State. Please contact us to discuss this option.
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.
