Outright Gift of Life Insurance

Powerful and Simple Way to Support Our Work

How You Can Benefit From Giving Life Insurance

Learn more about this simple gift by downloading your FREE copy of our informative guide Life Insurance: Expand Your Charitable Reach.

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When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to American University:

Name us a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You qualify for a federal income tax charitable deduction when you itemize on your taxes. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift when you itemize.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name AU as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift when you itemize.

Watch How It Works

Video contains text and narration about Life Insurance. Life Insurance: an ingenious way to make a heroic gift. Charitable giving in the form of cash or check although rewarding, can become hard to maintain financially through the years. Why not break with tradition and give something a little out of the box? Give the gift of life insurance. It's a substantial gift that lets you provide for a cause you care about making you a super hero to us and it costs you relatively little compared to its value. To make this extraordinary gift and have a significant impact on our organization for years to come choose from two ways to give. The easiest way is to name us as a beneficiary of all or a portion of your existing life insurance policy. Simply complete and return a beneficiary designation form provided by your insurance company. The second way is to name us as owner and beneficiary of a policy you already own or a brand new policy. Naming us as owner and beneficiary may entitle you to current income tax savings. Be sure to talk with your professional tax advisor to see which option is best for you. However you structure your gift of life insurance, please let us know you've planned for us in your estate so we can thank you. For more information about how to give an unconventional, yet meaningful gift, for a fraction of its value, download the ebrochure Change Lives With Life Insurance from this website. The information in this material is not intended for tax or legal advice. Please consult with your professional advisor before making a gift.

An Example of How It Works

Fund Your Donation With:

Gifts That Pay

Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.

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Not Sure How to Begin Planning?

Our comprehensive estate planning kit will save you time, protect your assets and help you establish your legacy.

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Next Steps

  1. Contact Seth D. Speyer at 202-885-3411 or speyer@american.edu for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include AU in your plans, please use our legal name and federal tax ID.

Legal Name: American University
Address: 4400 Massachusetts Avenue, NW, Washington, DC 20016
Federal Tax ID Number: #53-0196549

Contact Us

4400 Massachusetts Avenue NW Washington, DC 20016