Gifts of life insurance are among the most innovative ways planned gifts may be used to fund a gift to the Foundation. A donor can assign an existing life insurance policy to the Foundation, naming the Foundation as both owner and beneficiary of the policy. The donor receives a tax deduction for the approximate cash value of the policy, as well as deductions for any future premiums paid. The Foundation is assured of a guaranteed sum, in cash, after the death of the insured.

Or, a donor can purchase a new life insurance policy with the Foundation serving as both owner and beneficiary of the policy. The donor makes the annual tax deductible premium payments to the Foundation. At the donor's death, the insurance policy benefits are paid to the Foundation to be used in a way the donor has previously designated.

Life insurance is a convenient and flexible vehicle for donors to meet any of their charitable giving goals. At The Ethiopian Heritage Foundation, life insurance can:

• Be designated to any specific charities and/or field of interest

• Fulfill your commitment to the Endowment Book of Life
• Provide ongoing support to women through our focused Program
• Support your favorite organization's Organizational Endowment Fund
• Provide a lasting legacy for the future of the Ethiopian Community.