You can name AJC as the beneficiary of an existing life insurance policy you no longer need. AJC may accept a gift of fully paid-up whole life or universal policies.
Benefits
Substantial Legacy: Life insurance allows you to leave a significant gift for a relatively modest cost. This is especially advantageous for younger donors.
Tax Deduction: Receive a charitable income tax deduction for the current value of the policy when you name AJC as the beneficiary of an existing life insurance policy.
Use the following information to contact your life insurance provider for a change of beneficiary form and instructions to transfer ownership:
Beneficiary: American Jewish Committee (AJC), 165 East 56 Street, New York, NY 10022 AJC's Federal Tax Identification Number: 13-5563393
The information on this site is provided for instructional purposes only and should not be viewed as tax, legal or financial advice. Information is current as of September 9, 2024. Because tax laws change and state laws may differ, we highly recommend that you consult with your professional tax, legal and financial advisors about your personal situation and how you can make a planned gift that is most beneficial for your specific needs, goals, and circumstances.
