There are three ways a donor can provide a gift of life insurance to C.D. Howe Institute:
- Transfer ownership of an existing policy to C.D. Howe Institute and receive a tax receipt for the net cash surrender value and any premiums paid after the date of the transfer.
- Transfer the ownership of a new policy to C.D. Howe Institute and receive a tax receipt for any premiums paid after the date of transfer.
- Assign C.D. Howe Institute as the beneficiary of one’s own policy, or the life insurance policy from an employer and the donor’s estate will receive a tax receipt equal to the death benefit proceeds paid directly to C.D. Howe Institute.
Benefits to the Donor
- Donor receives a tax receipt based on the insurance gift type.
- Avoids probate.
- Gift is committed now but made over time.
- Affords the donor the opportunity to make a larger gift than the donor may have thought possible and greater than the sum of the premiums paid.