Gift Planning
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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to The Bloomsburg University Foundation, Inc.. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to The Bloomsburg University Foundation, Inc.. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
BU Foundation
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If The Bloomsburg University Foundation, Inc. retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If The Bloomsburg University Foundation, Inc. cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include The Bloomsburg University Foundation, Inc. as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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Donor Stories

Learn how others have secured their BU legacies and impacted the lives of future Huskies through charitable gift planning.

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Golden Dome Society

We want to recognize and celebrate your commitment to BU's future today. The Golden Dome Society pays tribute to the 199 BU alumni and friends who have chosen to include BU in their estate plans.

Learn More