Replacement Value Life Insurance
Some donors who are reluctant to reduce the size of their estates use the vehicle of life insurance to "replace" the value of an income-producing gift. In the least complicated example, a donor creates a charitable remainder trust which generates income payable to the donor which, in turn, is used to pay the premiums on a life insurance policy with a value equal to the amount of the gift that funded the trust.
If you are interested in making a gift of replacement value life insurance policies benefitting both you and Eastman Commons, please contact our Fundraising Representatives at (585) 671-4069 or advise us by using the Contact Us feature of this website.
Your payment and personal contact information will be kept strictly CONFIDENTIAL and will NOT be shared with any other party or mailing list.
Your donation is tax-deductible because Eastman Commons is recognized by the IRS as a non-profit charitable organization under Sec. 501(c)(3). Contributions can be accepted for unlimited amounts and contributions may be personal or corporate. Information on Eastman Common’s IRS Form 990 is available for review. All contributions will be graciously received, deeply appreciated and timely acknowledged for your tax reporting purposes.
If you have any questions about giving to Eastman Commons, please contact our Fundraising Representatives at (585) 671–4069 or by using the CONTACT US feature of this website.
