Gift of a Life Insurance Policy

How It Works

  1. You assign all the rights in an insurance policy to Morrisville College Foundation and receive an income-tax deduction
  2. Morrisville College Foundation may surrender the policy for its cash value or hold it and receive the proceeds at your death 

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Morrisville College Foundation to pay these premiums
  • You can make a substantial gift on the installment plan
  • Morrisville College Foundation receives a gift they can use now or hold for the future

Give a gift online or contact:
Institutional Advancement
Phone: (315) 1-800-IM-A-GRAD
Fax: (315) 684-6379
Brooks Hall, 3rd Floor