Life Insurance Beneficiary Gift - Fresno's Chaffee Zoo Corporation

Use Life Insurance to Make a Gift to Fresno's Chaffee Zoo Corporation

A life insurance policy can be a versatile and effective asset for making a significant charitable gift to Fresno's Chaffee Zoo Corporation. There are two basic ways insurance can be used to help support Fresno's Chaffee Zoo Corporation, and each offers different benefits to you.

Option 1: Make Fresno's Chaffee Zoo Corporation the beneficiary of the policy

This option allows you to:

Create a meaningful legacy at Fresno's Chaffee Zoo Corporation
Reduce the size of your taxable estate
Retain the flexibility to change your mind

Option 2: Make Fresno's Chaffee Zoo Corporation the owner and beneficiary of an existing policy

This option allows you to:

Make an irrevocable gift to Fresno's Chaffee Zoo Corporation 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 Fresno's Chaffee Zoo Corporation to cover the premiums.

Planning Tips

To make Fresno's Chaffee Zoo Corporation 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: Fresno's Chaffee Zoo Corporation
- Tax ID number: 42-1661145
- Address: 1250 W. Olive Ave., Fresno, CA 93728
It's also possible to use a charitable donation to buy a new policy to benefit Fresno's Chaffee Zoo Corporation. 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.