How It Works

  • You transfer ownership of a paid-up life insurance policy to the College.
  • The College elects to cash in the policy now or to keep the policy and receive the death benefit later.


  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
  • You can have the satisfaction of making a significant gift now to the Legacy Fund without adversely affecting your cash flow.

Educational Opportunities