Life insurance is a frequently overlooked asset for charitable giving. It is easy to give a policy to Rush University Medical Center in Chicago that is fully paid up and take a deduction for its “present value” as determined for tax purposes; or to purchase a new policy of which the Medical Center is both owner and beneficiary.

Advantages of leveraging the size of your gift to Rush through a life insurance policy include:

• Converting a policy that may have outlived its original purpose (i.e. providing for minors, now grown and self sufficient) into a tax deductible philanthropic gift to Rush.
  
  
• No depletion of assets that are essential for your future needs or those of your family.
  
  
• Since death benefits are not subject to probate, they can be distributed immediately to Rush to fulfill your philanthropic objectives without delay.
  
  

For more information about gifts of life insurance, please contact Vicki Woodward at (312) 942-6954 or vicki_j_woodward@rush.edu.