Gifts of Life Insurance

Make a significant gift to Smith College even without a large estate. Here's how you can leverage your dollars for a larger gift.

 


How It Works

  • You transfer ownership of a paid-up life insurance policy to Smith College.
  • Smith elects to cash in the policy now or hold it.
  • Consider naming Smith College in your long-term plans. It's simple.

Benefits

  • Make a gift using an asset that you and your family no longer need.
  • Receive an income tax deduction equal to the cash surrender value of the policy.
  • You may be able to use the cash value of your policy to fund a gift that delivers income, such as a deferred gift annuity.


Explore More Gift Options

Will or Trust >

You can plan a gift that will not affect your cash flow.

Appreciated Securities >

Take advantage of appreciated securities, avoid tax.

Life Insurance >

Make a significant gift, no matter the size of your estate.

Retirement Plan >

Donate double-taxed assets and leave more to family.

Real Estate >

Donate a valuable asset, receive powerful tax benefits.

Personal Property >

Donate personal property, receive signifcant tax benefits.

Donor-Advised Fund >

Make a gift from your DAF, or name us a beneficiary.

Contact Gift Planning

Planning your estate and legacy for future generations, including your charitable interests, takes careful evaluation. Consulting with the appropriate professionals can assist you.

Office of Gift Planning
Alumnae House
33 Elm Street
Northampton, MA 01063

The gift planning information presented on this Planned Giving website of Smith College is not offered as legal or tax advice.
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