About Life Insurance Gifts
Life insurance gifts are a planned giving arrangement that is a meaningful way to leave a lasting legacy. Whether you give an existing policy or designate the OU Foundation as a beneficiary, your gift will support the programs you choose. Here’s how it works and the benefits it offers:
Benefits
- Receive gift credit and an immediate income tax deduction if the policy has value.
- Deduct contributions made for future premium payments.
- Policy proceeds are excluded from your taxable estate.
- Make a significant impact at a relatively low cost.
How it works
- Give an existing policy by designating the OU Foundation as the irrevocable owner and beneficiary of your policy or keep your policy but designate the OU Foundation as the beneficiary of your policy.
- Continue paying any premiums.
- Policy proceeds will be applied to your designated purposes.
We’re here to help you meet your goals!
Our team would be happy to speak with you in confidence about your giving goals, with no obligation.
Name: Jay Kahn
Title :Senior Assistant Vice President for Advancement and Campaigns
Phone: 405-310-4865
Already included us in your estate plan? Let Us Know
More ways to make an impact
Gifts in a will or trust
Donations in your will or trust are (by far) the most popular type of planned gift. Learn more, or get help starting your will (for free!).
Beneficiary designations
Gifting assets not covered by your will — like 401(k) or IRA accounts — may help your heirs avoid unwanted taxes, even if you’re below the estate tax threshold.
Gifts that pay you back
Give assets while providing yourself or others with income for a period of time or distributions at a later date.