Planned giving:
Life Insurance Gifts

WHAT?
The gift of a new or old life insurance policy gives you flexibility to choose where you want your contribution to go and how much without digging deep in your own pockets.

WHY?
• Life insurance gifts are an affordable way to make a charitable bequest because it does not require the use of an attorney and the distribution avoids probate.

• Life insurance gifts permit the donor to make a much larger gift than might otherwise be possible and to do so with assets that are not currently used for income production.

• If you have an old life insurance policy you no longer need (provide financial security for a spouse now deceased, to educate children now grown), you might contribute it to a charitable cause in which you believe.

• You can purchase a new policy and name the Foundation as beneficiary. This makes significant future gifts feasible and affordable, especially for younger donors.

• Naming the Foundation as owner and beneficiary of a paid-up life insurance policy entitles the donor to a deduction equal to his or her cost basis in the policy, or its replacement cost, whichever is less.

• A gift from an insurance policy that has not been fully paid provides an income tax deduction almost equal to the policy's updated surrender cash value, a figure available from the insurer. Continued payments by the donor to cover the cost of premiums are also deductible to the donor for income tax purposes.

HOW?
Name the Dallas County Community College District Foundation, Inc. as the beneficiary of part or all of the policy death benefits, contingent successor beneficiary of the policy death benefits, or residual beneficiary of the policy death benefits.

> Charitable Remainder Trusts

> Giving Appreciated Securities

> Giving Personal Property

> Giving Real Estate

> Life Insurance Gifts

> Retirement Plan Benefits
   Donations

> Will Bequests

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