Planned Giving at Kentucky Baptist Foundation
Charitable Gift Planning

Charitable Gift Planning

Increase Font Decrease Font Print Page Send Page to a Friend

Gifts of Life Insurance - Paid-Up Policy

Lifetime Insurance Diagram

How It Works

  • You transfer ownership of a paid-up life insurance policy to Kentucky Baptist Foundation for an endowment fund or deferred gift annuity benefiting cause(s) you have named.
  • Kentucky Baptist Foundation cashes in the policy now or maintains it and receives the death benefit later.

Benefits

  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
  • In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
  • You gain the satisfaction of making a significant gift to charitable causes important to you without adversely affecting your cash flow.

Next





Kentucky Baptist Foundation
P.O. Box 436389
Louisville KY 40253-6389
502-489-3533 | Fax: 502-489-3564



Planned Giving content ©2021 PlannedGiving.com | Disclaimer & Privacy Notice