Outright Gift of Life Insurance
When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to the Boca Raton Regional Hospital Foundation:
Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.
Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize.
Make an outright gift of a new policy. You can take out a new policy and irrevocably name the Boca Raton Regional Hospital Foundation as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize.
See How It Works
- Contact Michael Indiviglio, at 561-955-4142 or email@example.com, for additional information on life insurance.
- Seek the advice of your financial and legal advisors to make sure this gift fits your goals.
- If you include the Boca Raton Regional Hospital Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: Boca Raton Regional Hospital Foundation, Inc.
Address: 800 Meadows Road, Boca Raton, FL 33486
Federal Tax ID Number: 59-2406425
A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE 1-800-HELP-FLA WITHIN THE STATE OR VIA THE INTERNET AT www.800helpfla.com. OUR REGISTRATION NUMBER IS CH2169. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.