A significant gift that might not otherwise be possible.
Naming The Portland Foundation as the beneficiary of a new or existing life insurance policy, or as the beneficiary of a retirement plan, provides a simple way for a donor to make a significant gift that might not otherwise be possible.
The charitable tax deduction will be the lesser of the cost or cash value of the policy. If the donor continues to pay annual premiums, these too are tax deductible. The future benefit to the Foundation will be equal to the face value of the policy.
Tax deductionLesser of cost or cash value
Annual premiumsTax deductible
Benefit to the FoundationFace value of the policy
Also works withRetirement plans
Request the booklet "Bridging the Generations Through Intelligent Giving," or call (260) 726-4260, Monday through Friday, 8 am to 5 pm ET. We recommend reviewing any planned gift with your own tax or legal advisor.