A gift of life insurance may offer a simple way to support Pattie A. Clay Regional Medical Center, particularly if you find that you no longer need your policy for its original purpose, such as education of your children, payment of a mortgage in the event of early death or financial protection of your family.
You can make a gift of life insurance in one of these ways:
- transfer ownership of a paid up policy, where you receive a charitable deduction approximately equal to the replacement cost
- transfer ownership of your current policy to Pattie A. Clay Foundation
- make Pattie A. Clay Foundation the owner and beneficiary of a new policy
- name Pattie A. Clay Foundation the beneficiary of your current policy.
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Remember, there are always details to consider which pertain to your particular situation. Therefore, it is wise to consult your accountant or attorney for additional information and restrictions on the tax consequences of any charitable contribution.