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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Catholic Community Foundation of the Diocese of Richmond. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Catholic Community Foundation of the Diocese of Richmond. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Benefits of gifts of life insurance

• Receive a charitable income tax deduction
• If Catholic Community Foundation of the Diocese of Richmond retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
• If Catholic Community Foundation of the Diocese of Richmond cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
• If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Catholic Community Foundation of the Diocese of Richmond as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.