Life Insurance

If you have a life insurance policy that you no longer need, donating it to D’Youville University may allow you to take advantage of a charitable tax deduction. For a paid-up policy, you will benefit from an income tax deduction equal to the replacement value of the policy or the tax basis (premiums paid on the policy up until the date of the gift), whichever is less. If premiums remain to be paid, future annual premiums (paid to D’Youville) will qualify as tax-deductible charitable gifts.