Life Insurance in a Private Foundation


Categories: Advisors

Search Topics: Tax Planning for Individuals

When buttressed with a life insurance policy, a private foundation yields even more powerful philanthropic and wealth-management benefits. Not only does a foundation-owned life insurance policy allow your client to extend a legacy of charitable work beyond his or her lifetime, but a life insurance policy does not impact the family home, business, or investment portfolio. By designating a private foundation as the beneficiary of a life insurance policy, the assets that your client’s heirs expect to receive can be preserved. Further, a life insurance policy has the potential to provide certainty in terms of fixing the amount of the death benefit to be received by the foundation upon the insured’s death, providing meaningful  planning opportunities around the foundation’s future grantmaking and operations.

To read the rest of this resource:

Download the PDF