Transfer ownership of Life Insurance you no longer require to Morris Arts or naming us the beneficiary or partial beneficiary of your policy allows you to make a substantial legacy gift for a relatively modest cash outlay. You’ll receive an income tax deduction for the cash value of the policy as well as a deduction for any future premiums paid.
Making a charitable gift from your life insurance policy is easy. Simply request a Change of Beneficiary/Ownership form from your life insurance company. Designate Morris Arts of Morristown, New Jersey as the new owner or beneficiary of the policy. Then return the form to your life insurance company.
- Make a gift using an asset that you and your family no longer need.
- Receive an income tax deduction for the premium payments or equal to the cash surrender value of the policy.
To make a planned gift you will need the name of the organization, address and tax ID #:
14 Maple Avenue – Suite 301
Morristown, New Jersey 07960
Tax ID #: 22-2012936