Life Insurance Policies
Consider gifting a life insurance policy to Scenic Hudson. If you no longer need all the life insurance coverage you purchased years ago, you might think about it as an asset you could give to Scenic Hudson. This is an easy way to make a large gift with little cost to yourself.
Benefits
- Save taxes this year if you transfer ownership of a policy that has a cash surrender value
- If you continue to pay the premiums, those payments are deductible as charitable gifts
- Remove the value of the life insurance from your taxable estate
Or consider naming Scenic Hudson has the beneficiary of your policy, while maintaining ownership. No income tax deduction is allowed, but you retain the right to change your mind during your lifetime. You will also receive membership in our planned giving society, the Hudson River Stewards, for this most significant gift.