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Success
Story "I am grateful to Baybridge Clubhouse for supporting my education...." |
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Make a Donation |
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| Gifts
· Events
· May
Foundation · Bequests
& Trusts ·
Contact Us Life Income Gifts Bequests Life Insurance Gifts Real Property Gifts Peace of Mind Program |
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| Bequests & Trusts
> Life Insurance Gifts If you have a life insurance policy that you no longer need, gifting that policy can be a way to combine charitable objectives with tax advantages for you. You may also buy a new policy to provide a substantial gift to the May Institute at your death. You may receive an income tax deduction when you name the May Institute as an irrevocable beneficiary or owner of a life insurance policy. If you continue to make premium payments after you have made the gift, those payments may also be deductible. The amount of the deduction depends on the type of policy contributed. An irrevocable gift of life insurance may be appropriate when the growth of your assets or the reduced needs of your dependents make the policy unnecessary. Because the tax laws regarding gifts of life insurance policies are complex, please contact Ed Ahern at eahern@mayinstitute.org, or call 781-437-1252. |
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781-440-0400 | Toll Free 800-778-7601
| TTY 781-440-0461 Email: info@mayinstitute.org |
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