Life Insurance
You may use your life insurance to make a gift to Central Virginia Food Bank in several different ways:
- You may remain the owner of the policy and name the “Central Virginia Food Bank, Richmond, Virginia” as the beneficiary upon your death; or
- You may make the Food Bank the owner and the beneficiary of the policy. As a result, you will receive a charitable deduction approximately equal to the cash value of the policy. If the policy is not paid-up, you may continue to make tax-deductible gifts to the Food Bank, which the Food Bank may use to pay future premiums.
Return to Planned Giving Page
For additional information about planned gifts, please contact Tami Messenger at the Central Virginia Food Bank office. All conversations will, of course, be confidential.
Telephone 804-521-3275 • Email: tmessenger@cvfb.org
| The Planned Giving discussion on this website is not intended to be legal or financial advice. Please consult your attorney or financial advisor to determine whether any of these planning ideas are applicable to your own situation. |