92NY’s Center for Children and Family provides an exceptional array of programs designed to support children at every stage of their development.
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Life Insurance Policy
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
Life Insurance to Replace Gift
Life insurance can also be used to replace an asset that has been given to 92NY. How it works: After a donor makes a gift to 92NY, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.
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Disclaimer
See how your generous contributions to 92NY make a lasting difference to lives of many different people.
The 92nd Street Y, New York is a 501(c)(3) nonprofit organization registered in the US under EIN: 13-1624229. Charitable contributions supporting The 92nd Street Y, New York are tax-deductible to the extent allowed by law. Gifts may not be fully tax-deductible based on benefits received. For more information, please email the Friends of 92NY office.
For more information, please email the Friends office or call 212.415.5755.

