- Annual Fund Office
Annual Fund DePauw University
mail P.O. Box 37
Greencastle, IN
46135-0037
Work(800) 446-5298FAX:fax (765) 658-4172
Gift Planning
Life Insurance
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
Life insurance can also be used to replace an asset that has been given to DePauw. How it works: After a donor makes a gift to DePauw, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.
