Life Insurance

 

The use of Life insurance policies to make your gift to support the children can be done without having to reach for your checkbook.

 

HOW IT WORKS.

 

·         Name the Foundation as the primary beneficiary,

 

·         Change a current policy naming the Foundation as owner and beneficiary,

 

·         Continue to pay the premium to enhance the endowment fund,

 

·         Name the Foundation as sole revocable Beneficiary of group term life insurance in excess of $50,000.00,

 

·         Give a paid up policy to the Foundation, or

 

·         Assign your annual dividends on your policy to the Foundation.

 

Please discuss these strategies with your tax preparer to determine the income, gift or estate tax benefits to you.

 

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Gifting Incentives

Other ways you can give to the Daughters of the Nile Foundation include naming the Foundation as a beneficiary on your Retirement Accounts or your Annuities; naming the Foundation as a joint tenant, payable on death beneficiary or transferable on death beneficiary on your Certificates of Deposit and Savings Accounts; or establish a Charitable Remainder Trust that benefits the Foundation.

Marketable Securities

Gifts of long-term appreciated securities may include individual stocks, bonds, or shares of mutual funds. Gifts of securities can be made quickly and easily and can enable you to do more with your gift because of the tax benefits.

Wills and Bequests

A bequest to the Daughters of the Nile Foundation Convalescent Endowment Fund will continue supporting Shriners Hospitals for Children® after your death.  Federal estate tax laws encourage charitable bequests by allowing an estate tax deduction for the full value of charitable gifts.  No limit is placed on the amount that can be left to charity and deducted from your estate as a charitable contribution.