Gift of Life Insurance
You can name the UWSP Foundation Inc. as a beneficiary
of a life insurance policy (an IRA, TSA or other investment as
well). Be sure to use the name UWSP FOUNDATION, INC. rather than
UWSP, so the proceeds come to the Foundation and not to a state
account at the university. You can set up instructions at the
FOUNDATION for how you want the funds used or you can leave that to
the discretion of the UWSP Foundation Board of Directors.
Owner and Beneficiary
A number of donors have established a gift of a life insurance
policy to the UWSP Foundation. To accomplish this you would name the
UWSP Foundation, Inc. as the owner and the beneficiary of
the policy with yourself (or another family member) as the insured.
You can fund the policy through a lump sum donation to the
Foundation which we then use to pay the premium. Or you can fund the
policy through annual gifts to the Foundation which we then use to
pay the annual premiums. The premium is treated as a gift from you
to the Foundation and is therefore tax deductible as allowed by
income tax law. This is a great way to increase the amount of your
gift following the death of the insured. Again, you can leave
instructions with the Foundation as to how you would like the funds
used or you can leave that to the discretion of the UWSP Foundation
Board of Directors.
Gifts of life insurance qualify the donor for membership in our
planned giving club, The Hanson Society.