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Life Insurance

Most people have life insurance in one form or another to ensure the financial security of their heirs. Yet, life insurance can be used for other purposes, including leaving a philanthropic gift to the IEEE Foundation.

There are two different ways you can structure a gift of life insurance to the IEEE Foundation:

Name the IEEE Foundation as Beneficiary. You may have a life insurance policy that you have held for many years that has outlived its original purpose. By naming the IEEE Foundation as the primary or secondary beneficiary of the policy, your Estate may be able claim a charitable deduction for the proceeds passing to the IEEE Foundation.

Transfer ownership to the IEEE Foundation. If you have an existing paid-up policy (such as whole life or universal life) that has outlived its original purpose, consider gifting it to the IEEE Foundation. By making the IEEE Foundation the owner and beneficiary of the policy, you may be entitled to a tax deduction. (The IEEE Foundation reserves the right to cash in all donated life insurance policies.)

If you decide to gift life insurance to the IEEE Foundation, we hope you will share the good news with us. This will allow us to thank you for your generosity and recognize you during your lifetime by adding you to the roster of the IEEE Goldsmith Legacy League, the IEEE Foundation's planned giving recognition group. If you prefer to remain anonymous, we will honor your wishes and include you as an anonymous donor.

 

For more information, or to hold a confidential discussion, please contact:
Danny DeLiberato
445 Hoes Lane
Piscataway, NJ 08854, U.S.A.
Phone: +1 732 562 5446
e-mail: d.deliberato@ieee.org

Legal Name
IEEE Foundation, Incorporated

Employer Identification Number (EIN):
23-7310664


The information on this site is for educational purposes only and is not intended as legal, tax, or investment advice. If you are considering a planned gift to the IEEE Foundation, we highly recommend you consult with your own tax and legal advisors to determine the best options for you.

IEEE Foundation

IEEE Development Office
445 Hoes Lane
Piscataway, NJ 08854, U.S.A.
Phone: +1 732 465 5871
Email: donate@ieee.org

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