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Gift of a paid-up life insurance policy:
Many people own fully paid-up insurance policies which are no longer needed for their original purposes. Such policies can be given to Nevada. Paid-up life insurance policies for which Nevada has been made the owner and irrevocable beneficiary entitle the donor to a charitable tax deduction equivalent to the cash surrender value. Such gifts receive credit for the full value of the death benefit. Gifts of insurance policies that are not paid up receive tax deductions and credit for their cash values and for the additional annual cash contributions required to enable Nevada to pay subsequent premiums.
Our Planned Giving office will be happy to supply additional information:
Lisa Riley, Director of Planned Giving
University of Nevada, Reno / Mail Stop 0007
Reno, NV 89557-0007