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:
Chief Development Officer
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.