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 norcrosp@upstate.edu and our Associate Director, Lori A. Murphy can be reached at (315) 464-4359 or murphyL@upstate.edu. You can also fill out the short form below with your contact information and we'd be happy to contact you.