Gifts of Life Insurance
Life insurance offers an attractive method for making charitable gifts to benefit The Citadel. For example, you may give a policy that is fully or partially paid up and take an income tax deduction for the value of the policy, (which generally approximates the cash surrender value). Or, you may purchase a new policy that names The Citadel Foundation as owner and beneficiary. A donor may also name The Citadel Foundation as a beneficiary of an existing life insurance policy, retaining ownership during life, but payable at death for support of The Citadel.