Life insurance needs often change over time; particularly after the loss of a spouse or once children are financially independent. You can donate a policy to NYU Langone Hospitals or NYU Grossman School of Medicine that is no longer needed for its original purpose.
By irrevocably assigning ownership of a life insurance policy to NYU Langone Hospitals or NYU Grossman School of Medicine, you can make a meaningful charitable gift while potentially reducing taxes that might otherwise be owed at death. In addition, you may be eligible for a charitable income-tax deduction equal to the policy’s cash surrender value.
Next Steps
- Contact Staci Weininger, Senior Division Director, for additional information or to learn more about the different options for supporting NYU Langone Hospitals or NYU Grossman School of Medicine with your gift.
- Seek the advice of your financial or legal advisor.
- If you include NYU Langone Hospitals or NYU Grossman School of Medicine in your plans, please let us know so we can be sure to welcome you to our John Revere Society.