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Gifts of Life Insurance

Make a significant gift to the Elim Park Foundation 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 the Elim Park Foundation.
  • The Elim Park Foundation elects to cash in the policy now or hold it.
  • Consider naming the Elim Park Foundation 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.


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 significant tax benefits.

Donor-Advised Fund →

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

Contact Us

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

The Elim Park Foundation
btomlinson@elimpark.org
203.272.3547 ext. 172

The Elim Park Legacy Foundation is a 501(c)(3) organization that secures philanthropic support to elevate the resident experience at Elim Park Baptist Home by funding enhanced amenities, specialized care, and innovative wellness programs that promote the quality of life while providing donors with a sense of purpose, tax benefits, and a lasting legacy.