Our flexible gift options meet the goals of donors in every situation. Consider your family legacy at the College of Charleston today! Click here to learn more about our FREE Legacy Guide to estate planning.

  • March is Wills Month at the College of Charleston: Download our FREE Wills and Estate Planning Guide here.
  • To learn more about creating your legacy at the College, click here.
  • For further information on charitable estate planning, contact us.

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to College of Charleston Foundation. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to College of Charleston Foundation. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
CofC Foundation
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If College of Charleston Foundation retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If College of Charleston Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include College of Charleston Foundation as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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