Use Life Insurance to Make a Gift to Junípero Serra High School
A life insurance policy can be a versatile and effective asset for making a significant charitable gift to Junípero Serra High School. There are two basic ways insurance can be used to help support Serra High School, and each offers different benefits to you.
Option 1: Make Junípero Serra High School the beneficiary of the policy
This option allows you to:
- Create a meaningful legacy at Junípero Serra High School
- Reduce the size of your taxable estate
- Retain the flexibility to change your mind
Option 2: Make Junípero Serra High School the owner and beneficiary of an existing policy
This option allows you to:
- Make an irrevocable gift to Junípero Serra High School today with little or no impact on your current cash flow
- Receive a charitable tax deduction for a portion of your gift
In addition, if premiums remain to be paid on the policy, a charitable deduction is allowed for each gift you make to Serra High School to cover the premiums.
Planning Tips
- To make Junípero Serra High School a beneficiary of, or owner and beneficiary of, your life
insurance policy, simply contact your insurer and complete the required
form. You may need to provide the following information:
- Legal name:Junípero Serra High School
- Tax ID number: 94-1156697
- Address:451 West 20th Ave, San Mateo, CA 94403
- It's also possible to use a charitable donation to buy a new policy to benefit Serra High School. Contact us early in your planning if you'd like to pursue this option so we can work with you on this process.
- If you are considering designating your gift for a specific purpose, such as a scholarship fund or support for a specific department, contact us to ensure that we understand your wishes.
- Before finalizing a gift of life insurance, review your other assets (such as appreciated stock or IRA accounts) to make sure this is the savviest way for you to reach your goals.