3 Ways to Give Life Insurance

Power and Simple Way to Support Our Work
When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support Friends of Bocconi University. There are three ways to give life insurance to Friends of Bocconi University:
 
Name Friends of Bocconi University a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate Friends of Bocconi University as the primary beneficiary for a percentage or specific amount. You can also make Friends of Bocconi University the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you. 
Make an outright gift of an existing policy. You can name Friends of Bocconi University as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize. 
Make an outright gift of a new policy. You can take out a new policy and irrevocably name Friends of Bocconi University as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize.
 
How You Can Benefit From Giving Life Insurance
Learn more about this simple gift by downloading your copy of our informative guide Change Lives With Life Insurance.   Download My Guide >
 
Next Steps
  1. Contact Cahill Zoeller at (609) 240-3700 or cahill.zoeller@friendsofbocconi.org for additional information on giving a gift of cash.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Friends of Bocconi University in your plans, please use our legal name and federal tax ID.
  4. Let Cahill Zoeller know if you have included Friends of Bocconi University in your plans so that we can invite you to join the Ettore Bocconi Society.
          Legal Name: Friends of Bocconi University, Inc.
          Address: 555 Madison Avenue, 11th floor, New York, NY 10022
          Federal Tax ID Number: 36-4769050
 
The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.