Insurance Gifts

A gift of a new or existing life insurance policy is a wonderful way to make a sizable contribution that not only provides immediate tax savings and helps ensure the future of The Ohio CPA Foundation, but also allows you to avoid tying up current assets. 

How it works

By naming The Ohio CPA Foundation the owner and beneficiary of a life insurance policy, the cash value of the policy becomes tax deductible to you as the donor. Designating the Foundation as a policy beneficiary may also remove the policy from your taxable estate.

The Foundation would expect you to make provisions for the payment of any future premiums, which would provide you with additional tax deductions. Alternatively, you can name the Foundation as a contingent beneficiary on a life insurance policy. Should the primary beneficiary die before the insured, the Foundation becomes the primary beneficiary.

Retirement and Pension Plans

You can make a charitable gift using retirement assets, by naming The Ohio CPA Foundation as a beneficiary.

We invite you to contact us with questions and welcome the opportunity to discuss these options further with you. We highly recommend that you also speak to a financial adviser.