Life Insurance Beneficiary Gift

Use Life Insurance to Make a Gift to Watson Institute

A life insurance policy can be a versatile and effective asset for making a significant charitable gift to Watson Institute . There are two basic ways insurance can be used to help support Watson , and each offers different benefits to you.

Option 1: Make Watson Institute the beneficiary of the policy

This option allows you to:

Create a meaningful legacy at Watson Institute
Reduce the size of your taxable estate
Retain the flexibility to change your mind

Option 2: Make Watson Institute the owner and beneficiary of an existing policy

This option allows you to:

Make an irrevocable gift to Watson Institute today with little or no impact on your current cash flow
Receive a charitable tax deduction for a portion of your gift

In addition, if premiums remain to be paid on the policy, a charitable deduction is allowed for each gift you make to Watson to cover the premiums.

Planning Tips

To make Watson Institute a beneficiary of, or owner and beneficiary of, your life insurance policy, simply contact your insurer and complete the required form. You may need to provide the following information:
- Legal name: Watson Institute
- Tax ID number: 25-1561504
- Address: 301 Camp Meeting Road , Sewickley , PA15143
It's also possible to use a charitable donation to buy a new policy to benefit Watson . Contact us early in your planning if you'd like to pursue this option so we can work with you on this process.
If you are considering designating your gift for a specific purpose, such as a scholarship fund or support for a specific department, contact us to ensure that we understand your wishes.
Before finalizing a gift of life insurance, review your other assets (such as appreciated stock or IRA accounts) to make sure this is the savviest way for you to reach your goals.