Lifetime Gifts of Insurance
(Gift illustration)

How it works

	You transfer ownership of a paid-up life insurance policy to the Binghamton University Foundation.
	The Binghamton University Foundation cashes the policy now, or maintains it and receives the death benefit later.

Benefits

• You receive gift credit and an immediate income tax deduction for the lesser of the policy’s fair market value or the total of your net premium payments.
• In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
• You gain the satisfaction of making a significant gift to the Binghamton University Foundation without adversely affecting your cash flow.

For more information

Email us, complete the personal illustration form, or call us at 607-777-4712 so that we can assist you through every step of the process.

The Binghamton University Foundation
Office of Gift Planning
P.O. Box 6005
Binghamton, NY 13902-6005
607-777-4712 | Fax: 607-777-2945