Life Insurance
How it works:
- Donors can make a sizable face value gift for a minimal outlay of cash.
- May give an existing policy ( fully paid, partially paid or a new policy)
- Naming the YMCA as beneficiary. Upon the donor’s death, the YMCA will receive all or portions designated from the policy.
- The donor is entitled to a charitable income tax deductions equal to the cash surrender value of the property and any future premiums paid only if the YMCA is named as the owner and beneficiary of the policy
