Planned Giving

Make A Cash Gift Today

How Can We Help You?

Jennifer Destefani
Vice President of Institutional Advancement
Office of Institutional Advancement
Phone: 860-832-1767
Fax: 860-832-1768
Email: jdestefani@ccsu.edu

Disclaimer

The information contained herein was accurate at the time of publication. It is provided for informational purposes only and does not constitute legal or tax advice. Individuals seeking such advice should consult with a licensed attorney or qualified tax advisor. Any figures presented are intended solely for illustrative purposes. References to tax rates pertain exclusively to federal taxes and are subject to change. Please note that state laws may also influence individual outcomes.

Life Insurance

3 Meaningful Ways to Give Through Life Insurance

A Simple and Impactful Way to Support Central Connecticut State University

If your life insurance policy was originally purchased for a need that no longer exists, such as providing for children who are now financially independent or ensuring a spouse’s security, you might consider using it to make a lasting difference at Central. Life insurance can be a powerful, flexible tool for giving. Here are three common ways to make it part of your legacy:

  1. Designate Central as a Beneficiary

    One of the easiest ways to give is to name Central Connecticut State University as a beneficiary of your policy. Simply update your beneficiary form through your insurance provider. You can choose to name Central as the primary beneficiary for a set amount or percentage, or as a contingent beneficiary, receiving the proceeds only if the primary beneficiary is no longer living.

    Designate a Beneficiary

  2. Donate an Existing Policy

    You can also make an outright gift of a policy you already own by transferring ownership to Central and naming us as the beneficiary. When you itemize your deductions, you may be eligible for a federal income tax deduction based on the policy’s current value. If you continue to pay premiums, those payments may also qualify as charitable deductions each year.

  3. Create a New Policy for Charity

    If you're looking for a long-term way to support Central, you can purchase a new life insurance policy and irrevocably name Central as both the owner and beneficiary. This option is especially appealing to younger donors. Whether you pay a single premium or opt for annual payments, each payment may be tax deductible when you itemize.

    Life insurance can be a powerful way to turn a modest investment into a meaningful gift. If you're considering this type of contribution, we’d be honored to help you explore the best option for your goals.

Next Steps

  1. Contact Jennifer Destefani at 860-832-1767 or jdestefani@ccsu.edu for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Central in your plans, please use our legal name and federal tax ID.

    Legal Name: CCSU Foundation, Inc.
    Address: PO Box 612, New Britain, CT 06050-9921
    Federal Tax ID Number: 23-7354328