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Create a Lasting Legacy
With Your Gift

With gift planning, you can provide long-lasting support for Carolina while enjoying financial benefits for yourself. Meet your personal financial goals while making a difference for the University's future.
Learn About Ways to Give

Gifts of Life Insurance

If you own a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to The University of North Carolina at Chapel Hill Foundation, Inc. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Benefits of gifts of life insurance

  • You receive a charitable income tax deduction.
  • If Carolina retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premium.
  • If The University of North Carolina at Chapel Hill Foundation cashes in the policy, you will be able to see firsthand how your gift supports our charitable work.
  • If the policy is retained to maturity, or you name Carolina as a beneficiary, once the policy matures, the proceeds of your policy will be paid so that we can use the proceeds to further the University's work.

Gifts of life insurance video

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 University of North Carolina at Chapel Hill Foundation, Inc. (EIN: 59-1711424) as the beneficiary of your policy.

Other considerations

You can also designate Carolina as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.

Your deduction for the gift of life insurance will depend on whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.

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.