Have you ever thought that a life insurance policy would be a good way to contribute to Temple of the Goddess?  A paid up policy would be a “free” way to allocate funds.  Perhaps your grandmother bought you a small amount policy when you were born.  In today’s society, the face value isn’t that much.  No amount of financial award is too small for Temple of the Goddess.  A policy taken out today with Temple of the Goddess as beneficiary will do tremendous good for the Temple and for the world with very small outlay of cash. 

Consider life insurance policies you no longer need or those with smaller amounts that are no longer useful to you and your family.  Under current tax laws, your federal estate may be reduced by the full face amount of the policy proceeds, and you may receive an income tax deduction for the policy’s value (i.e., the policy’s fair market value or your cost basis, whichever is lower) and for any future premiums you continue to give if the policy is not paid up.  So, make a large gift with little cost to yourself . . .Life Insurance, with Temple of the Goddess as beneficiary.

Naming Temple of the Goddess as Beneficiary

Consider naming Temple of the Goddess as the primary or contingent beneficiary for either the entire proceeds or a portion of the value of the policy.  This option allows you to retain control of the policy because the ownership is not changed.  You simply pay your premiums, and upon your death the full face value, or designated portion of the policy is contributed to us.  Because the death benefits are not subject to income tax, all of the proceeds of your policy will be paid to our organization.  In addition, your estate will receive a full charitable estate tax deduction for the donated death benefit.

Note:  The information on this site is not intended as legal, tax, or investment advice. For such advice, please consult your legal, accounting, or other professional advisors to confirm the accuracy and applicability of information and current IRS regulations governing non-cash charitable contributions.