How to Give

Not only do you have options for how your gift will be used, you also have options on what to give and how to give. There are gifts that cost you nothing now, gifts that pay you income, and gifts that allow you to decide what happens when.

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Use Life Insurance to Make a Gift to Temple University Beasley School of Law

A life insurance policy can be a versatile and effective asset for making a significant charitable gift to Temple University Beasley School of Law. There are two basic ways insurance can be used to help support Temple Law, and each offers different benefits to you.

Option 1: Make Temple University Beasley School of Law the beneficiary of the policy

This option allows you to:

  • Create a meaningful legacy at Temple University Beasley School of Law
  • Reduce the size of your taxable estate
  • Retain the flexibility to change your mind

Option 2: Make Temple University Beasley School of Law the owner and beneficiary of an existing policy

This option allows you to:

  • Make an irrevocable gift to Temple University Beasley School of Law 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 Temple Law to cover the premiums.

Planning Tips

  • To make Temple University Beasley School of Law 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: Temple University Beasley School of Law
    • Tax ID number: 231365971
    • Address: 1719 North Broad Street, Philadelphia, PA 19122
  • It's also possible to use a charitable donation to buy a new policy to benefit Temple Law. 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.