Planned Giving

Your UGA Legacy

The Office of Gift and Estate Planning can coordinate with you and your professional advisors to help you create a lasting impact at the University of Georgia in the way most advantageous to you. Explore the options and create your UGA legacy today!

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to benefit the University of Georgia. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your life insurance policy to the University of Georgia Foundation.

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Benefits of gifts of life insurance

  • May receive a charitable income tax deduction where ownership of policy transferred to University of Georgia Foundation
  • If policy not fully paid up, you may also receive a deduction for annual premium payments if the Foundation owns the policy
  • You can make a meaningful impact with modest premium payments
  • Great way to leverage your gift and enhance your legacy impact beyond what you thought possible

How to make a gift of life insurance

  • You can make a meaningful impact by naming the "University of Georgia Foundation" owner and beneficiary of a life insurance policy. If your policy is not fully paid up, you can make an annual gift to the University of Georgia Foundation to cover the annual premium payment. When the policy matures, the proceeds will be paid to the University of Georgia Foundation to be used in accordance with your designated intentions. Click here to view the Foundation's policies with respect to acceptance of ownership of a life insurance policy.
  • Rather than transferring ownership of a policy, you may also wish to consider simply designating the "University of Georgia Foundation" beneficiary of all or a percentage of an existing policy. To designate the Foundation beneficiary, please contact your life insurance provider to request a beneficiary form which will allow you to update your beneficiary information.

Contact us

Please contact us with any questions or to let us know if you have already designated the "University of Georgia Foundation" beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift while also ensuring that your gift is used in accordance with your wishes once received.

If you are considering transferring ownership of one of your life insurance policies to the Foundation, please contact us in advance so that we can coordinate with you and your professional advisors to ensure that the policy is one the Foundation is able to accept.

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