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5000 Clubside
Road
Lyndhurst, Ohio
44124-2595
440.423.4446
12465 County Line Road, P.O. Box 8002
Gates
Mills, Ohio
44040-8002
440.423.4446
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How It Works
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You transfer ownership of a paid-up life insurance policy to Hawken School.
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After the transfer, Hawken elects to cash in the policy now or to keep the policy and receive the death benefit later.
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Benefits
- You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
- You can have the satisfaction of making a significant gift now to Hawken without adversely affecting your cash flow.
More
To learn more about gifts of life insurance, Email us, complete the Information Request form, or call us at (440) 423-2084 so that we can assist you.
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