Life Insurance

In addition to being a means of replacing wealth, Life Insurance can be an effective charitable gift in other ways. By making the university both owner and beneficiary of an insurance policy, for the cost of premiums (which are tax deductible), you can assure that the School of Music will receive a much larger gift at the end of your life. You can also sign over to the university a fully paid-up policy that might no longer be needed, in which case you will receive a tax deduction for the policy’s replacement value.