ARRANGE A CHARITABLE GIFT ANNUITY
INCLUDE JAWONIO IN YOUR WILL

USE LIFE INSURANCE TO SUPPORT JAWONIO

Life insurance is an asset you may not have thought of donating to Jawonio until now. Using life insurance to support Jawonio is powerful, practical and very simple.

When you own a life insurance policy with accumulated cash value, you’re essentially sitting on a pile of money. When the original purpose for the protection no longer applies—such as to educate children now grown or to provide financial security for a spouse now deceased—your life insurance can be redirected to help support a worthwhile cause.

One option is simply to name The Jawonio Foundation as the primary beneficiary. (Naming us as beneficiary while you retain ownership of the policy, however, does not qualify you for an income tax deduction.)

Or, you can name us as the beneficiary and also assign us ownership of the policy as a current charitable gift. Doing so provides you tax benefits as outlined below.

The Tax Benefits

When you assign Jawonio ownership of a life insurance policy and also name us as the beneficiary:

• You receive an income tax charitable deduction, available under most circumstances.

• You realize tax savings from the deduction; these savings can be invested for future income.

• You reduce your future estate tax liability.

For your information, our tax ID number is 13-3625940.

If you are concerned that supporting our work will reduce your family’s inheritance, a new life insurance policy equal to your charitable gift can replace the value of your loved ones’ inheritance.

Donating a New Life Insurance Policy

Perhaps you don’t own a life insurance policy yet, but realize how beneficial giving life insurance to Jawonio can be. If so, you can—in most states—purchase a new insurance policy and name a qualified charitable organization like Jawonio as the beneficiary and owner of the policy. Rather than paying premiums to the insurance company, you make tax-deductible cash gifts to cover the annual premiums. Even greater leverage is possible when two donors, usually spouses, purchase a “two-life second-to-die” policy. With two lifetimes before the payment of death benefits, a future gift to Jawonio will cost you even less.

For More Information Please Contact:
Diana Hess
Chief Development Officer
845-708-2022
diana.hess@jawonio.org
The planned giving material presented on this website is not offered as legal or tax advice. Jawonio, its employees or representatives, do not offer legal or financial advice. We strongly urge prospective donors to consult with their estate planning attorney, financial advisor, accountant or other appropriate professional before making any material decisions based on information we provide through this Web site, printed materials, or other sources.

The purpose of this website is to provide general gift and planning information. Watch for tax law revisions. State laws govern wills, trusts and charitable gifts. Advice from legal counsel should be sought when considering these types of gifts.
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