Life Insurance

Gifts of Life Insurance

Life insurance is often overlooked and underestimated, yet it can be a valuable and financially efficient way of making a planned gift.  A charitable gift of life insurance can enable you to substantially increase the potential amount of a gift while enjoying tax advantages. Please note that our legal name is Syracuse Health Science Center Medical Alumni Foundation.

How it works

  • You transfer ownership of a paid-up policy to the Upstate Medical Alumni Foundation
  • The Medical Alumni Foundation either cashes in the policy immediately, or maintains it and receives the death benefit later

Benefits to you

  • You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy
  • You gain the satisfaction of making a significant gift to Upstate Medical Alumni Foundation without adversely affecting your cash flow

To learn more, contact us.

The Upstate Medical Alumni office is open Monday through Friday from 8:30 am to 4:30 pm.  Our Executive Director, Paul E. Norcross can be reached at (315) 464-4362 or and our Associate Director, Lori A. Murphy can be reached at (315) 464-4359 or  You can also fill out the short form below with your contact information and we'd be happy to contact you. 

Planned Giving Interest Form