If you own a life insurance policy and your family no longer needs the policy’s protection, you can name Direct Relief as the beneficiary of the policy and receive a later estate tax deduction. If the policy is fully paid (no additional premium payments are required to keep the policy in force) and has present cash value, you might even be able to assign ownership of the policy to Direct Relief now and receive an immediate income tax deduction.
The information here is not intended to be legal or tax advice. It is intended only to help you understand some of your options for making a charitable gift to Direct Relief.
Direct Relief’s Employer Identification Number (EIN) for tax reporting is 95-1831116.
For more information about Direct Relief’s Legacy Society or planned giving, please click here to contact us.
Popular Types of Planned Gifts
- Wills & Trusts
- Beneficiary of Retirement Plan or Financial Account
- Charitable Remainder Trust
- Charitable Lead Trust
- Life Insurance
- Real Estate