Life insurance is also an excellent tool for making charitable gifts to The Kennedy Center for a number of reasons. Life insurance provides an "amplified" gift that enables you to purchase immortality on an installment plan. Through a relatively small annual cost (the premium), a benefit far in excess of what would otherwise be possible can be provided for charity. This sizeable gift can be made without impairing or diluting the control of a family business or other investments and assets earmarked for family members can be kept intact.
The Kennedy Center recommends that you consult your tax advisor to determine additional tax benefits to which you may be entitled.
For more information, please contact The Kennedy Center Vice President of Development at 203.365.8522, ext. 2049 or email.