Donate Your Life Insurance
Be Forever Generous
Most people have life insurance in one form or another and many existing policies have outlived their original purpose. Yet, life insurance can be used for other purposes, including philanthropy. You can use it to make a planned gift to the IEEE Foundation, which will help sustain and expand the Foundation's ability to support the work of the IEEE.
There are two different ways you can structure a gift of life insurance to the IEEE Foundation:
Name as Beneficiary. You may have a life insurance policy that you have held for many years and you no longer need for the financial security of your heirs. 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. If you have an existing paid-up policy (such as whole life or universal life) that has outlived its original purpose, consider gifting it 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.)
Join the IEEE Goldsmith Legacy League
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.
IEEE Foundation, Incorporated
Employer Identification Number (EIN):
For more information, or to hold a confidential discussion, please contact:
Director, IEEE Foundation Operations
IEEE Development Office
445 Hoes Lane
Piscataway, NJ 08854, U.S.A
Phone: +1 732 562 3860
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.