Gifts of Life Insurance

Bequests and Planned Giving

Naming Earlham as owner and beneficiary of a paid-up policy entitles you to a deduction equal to your cost basis in the policy, or its replacement cost--whichever is less.

Naming Earlham as owner and beneficiary of a policy that is not paid up provides you with a tax deduction approximately equal to the policy's cash surrender value.

You also may purchase a new policy and name Earlham as owner and beneficiary. By donating the money required for the premium payments directly to Earlham, you receive a full tax deduction for these annual gifts. The insurance company sends Earlham the premium notice; we pay the premium and then seek reimbursement from you. Your payment to the college is a tax-deductible gift.

Life insurance also can be purchased for yourself to replace other donated assets. For example, if you made a gift of real estate to Earlham, you could purchase a policy for the amount of this gift to ensure that your family will be taken care of as well.

Of course, you can name Earlham as a beneficiary of any type of life insurance policy or similar product, and we welcome such designations whether or not they would qualify you for a tax deduction.

For more information on
gifts of life insurance...

Kelly _tanner _kim
Contact:
Kim Kelly Tanner
Associate Vice President for
Institutional Advancement/
Planned Giving
(765) 983-1631
tanneki@earlham.edu

 

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Earlham College, an independent, residential college, aspires to provide the highest-quality undergraduate education in the liberal arts, including the sciences, shaped by the distinctive perspectives of the Religious Society of Friends (Quakers).

Earlham College
801 National Road West
Richmond, Indiana
47374-4095
1-765-983-1200 — Main Switchboard
1-800-EARLHAM (327-5426) — Admissions