Life Insurance
When making a life insurance gift to Cincinnati Children's Hospital Medical Center, you may contribute an existing life insurance policy that your family no longer needs or you may establish a new policy with the Cincinnati Children's Hospital Foundation named as owner and beneficiary.
When you give an existing policy, you may qualify for a charitable income tax deduction based upon the cash surrender value of the policy on the date of the contribution. For new policies, you may deduct the amount of your premium payment as long as it is provided directly to the Cincinnati Children's Hospital Foundation.
Benefits of Gifting Life Insurance:
- Advantageous tax deductions
- Ability to make a contribution without disturbing other assets
- Can be used to replace the value of assets or other property contributed to the Cincinnati Children's Hospital Foundation
Determining the right plan for you depends on a number of factors including your age, income needs and financial objectives.
Recognition
The William Cooper Procter Society recognizes and honors friends of Cincinnati Children's who inform us of their intention to invest in the future of the medical center through planned or deferred gift arrangements.
For additional information regarding planned giving opportunities at Cincinnati Children's, please contact:
Karen Ecker Kratz, JD
Director of Gift Planning
Cincinnati Children's Hospital Medical Center
3333 Burnet Avenue, MLC 9002
Cincinnati, OH 45229-3039
Telephone: 513-636-5683
Fax: 513-636-7173
Email: karen.kratz@cchmc.org
