Naming Hospice of Palm Beach County Foundation as owner and beneficiary of a paid-up policy entitles you to a deduction equal to your cost basis in the policy, or its replacement cost - whichever is less. Naming Hospice of Palm Beach County Foundation as owner and beneficiary of a policy that is not paid up provides you with a tax deduction approximately equal to the policy's cash surrender value.

You also may purchase a new policy and name Hospice of Palm Beach County Foundation as owner and beneficiary. By donating the money required for the premium payments directly to Hospice of Palm Beach County Foundation, you receive a full tax deduction for these annual gifts.

Life insurance also can be purchased for yourself to replace other donated assets. For example, if you made a gift of real estate to Hospice of Palm Beach County Foundation, you could purchase a policy for the amount of this gift to ensure that your family will be taken care of as well.

For additional no obligation information about planning your gift to Hospice of Palm Beach County Foundation, please contact Tish Carlo, Director of Planned and Major Gifts at (561) 494-6880.