Use Life Insurance to Make a Gift to The Nation Fund for Independent Journalism

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

Option 1: Make The Nation Fund for Independent Journalism the beneficiary of the policy

This option allows you to:

  • Create a meaningful legacy at The Nation Fund for Independent Journalism
  • Reduce the size of your taxable estate
  • Retain the flexibility to change your mind

Option 2: Make The Nation Fund for Independent Journalism the owner and beneficiary of an existing policy

This option allows you to:

  • Make an irrevocable gift to The Nation Fund for Independent Journalism 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 The Nation Fund to cover the premiums.

Planning Tips

  • To make The Nation Fund for Independent Journalism 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:The Nation Fund for Independent Journalism
    • Tax ID number: 84-4266161
    • Address:8th Avenue, 21st Floor, New York, NY 10018
  • It's also possible to use a charitable donation to buy a new policy to benefit The Nation Fund. 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.