Life Insurance

Life insurance policies are an easy and often overlooked way to make a significant charitable gift. There are a number of ways to support SHARE's many programs with an insurance-related gift:

Make SHARE a beneficiary

It is simple to change the beneficiary/beneficiaries of your insurance policy without changing your will or other aspects of your estate plan. Just ask your insurance company for a form that will allow you to make SHARE a beneficiary of some or all of your insurance policy. You retain complete control over the funds or assets in the account while you are living, and these gifts are completely revocable.

The information that should be included about SHARE is:

SHARE
165 West 46th Street, Suite 712
New York, NY 10036

Federal Tax ID # 13-3131914

Give a paid-up policy

Do you have a paid up policy that has outlived its intended purpose, such as protecting a child or a mortgage? You can donate the policy to SHARE.

We will then surrender the policy for its cash value. You receive an immediate income tax deduction for the gift of the policy up to the cash basis, or what you paid for it.

Make SHARE the owner and beneficiary of a new policy

You can take out a new policy and make SHARE the owner and beneficiary of the policy. Premium payments are tax deductible. They can either be made by SHARE from your annual contribution for this purpose or you can pay for the policy directly. This process enables you to make a manageable annual tax-deductible payment that provides a significant contribution to SHARE when the policy matures.

The information that should be included about SHARE is as follows:

SHARE
165 West 46th Street, Suite 712
New York, NY 10036

Federal Tax ID # 13-3131914

If you do make SHARE a beneficiary, please let us know so we can thank you. Just contact Leah Cooper, Development Director at [email protected] or 212-937-5584.

We encourage you to consult with your legal and financial advisors when considering a planned gift.

SHARE is a member of Community Health Charities and a 2015 Top-Rated Nonprofit by Great Nonprofits.

National Helpline:
844-ASK-SHARE