Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram

How It Works

  1. You make a gift to State University of New York at Oneonta Foundation Corporation
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to State University of New York at Oneonta Foundation Corporation without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

More Information

Contact Us

Joanne Tobey
Division of University Advancement
Phone: 607.436.2481
Email: joanne.tobey@oneonta.edu

 

SUNY Oneonta
108 Ravine Parkway, Alumni Hall
Oneonta, NY 13820

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