Gifts of Life Insurance
Our supporters often overlook the benefits of giving a life insurance policy to California State University, Dominguez Hills.
If you are carrying more insurance coverage than your family obligations now require, you may find a hidden gift asset in a surplus, paid-up policy. Alternately, you could create a gift for the future by taking out a new policy on your life and naming Dominguez Hills as the owner and beneficiary, thus creating an endowment gift from income rather than capital.
You must name us as irrevocable [you can't change the terms in the future] owner and beneficiary of an insurance policy to secure tax benefits from your gift. A gift of a paid-up policy produces a charitable deduction in the amount of the policy's cash surrender value or basis, whichever is less. If you create a new policy, we will pay the premiums, and you may deduct your gifts offsetting those payments.
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To learn more about gifts of life insurance, Email us, complete the Information Request Form, or call us at (310) 243-2182 so that we can assist you.
California State University, Dominguez Hills
Office of Development
1000 E. Victoria Street
Carson, CA 90747
Office: (310) 243-2182 | Fax: (310) 516-3302
Email: giving@csudh.edu
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