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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to CSULB. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to CSULB. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
CSULB
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • Receive additional income tax deductions each year that you make additional contributions so that CSULB can pay the annual insurance premiums
  • At death, the proceeds of your policy will be paid to our organization and we will use the insurance proceeds to continue our charitable work

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include the CSULB 49er Foundation as the beneficiary of your policy. Click here for the proper language and tax ID number. Please let us know how to use the funds when they arrive by filling out and returning a Letter of Instruction.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

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