Make a Donation

There are two ways to donate life insurance:

1. Make Hamilton-Madison House owner and beneficiary of a new or existing policy. The donor receives an immediate tax benefit if the policy is paid-up. If the policy is not fully paid-up, your annual gifts to Hamilton-Madison House to cover premium payments are tax-deductible. The value of the policy is determined by IRS rules.
2. Make Hamilton-Madison House the beneficiary of a new or existing policy, but not the owner. This enables the donor to make a large future gift at small present costs. By retaining ownership, the donor controls the asset and has the ability to invade the policy value in an emergency and change the beneficiaries. No immediate tax benefit is realized. In time, the value of the policy is added to the gross value of the rate and an estate tax charitable deduction would be levied for the proceeds paid to Hamilton-Madison House.

Please contact Illyse Kaplan, Director of Development, at 212-349-3724, ext. 313 or illyse@hmhonline.org for more information.