Life Insurance to Replace Gift

An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment). Life insurance can also be used to replace an asset that has been given to CESJDS.

How It Works
After a donor makes a gift to CESJDS, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on an insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.

More Information

Contact Us

Sarah Shapiro
Director of Development
301-692-4877
SShapiro@cesjds.org

 

Charles E. Smith Jewish Day School
1901 East Jefferson Street
Rockville, Maryland 20850
Federal Tax ID Number: 52-0961920

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