Life Insurance is another asset that can be used to make a charitable gift to Williams and fulfill your philanthropic goals. Williams may simply be named as the beneficiary of a life insurance policy, or Williams may be named the owner, and beneficiary, of your whole life policy during your lifetime. This option provides invaluable support for the College and also provides a current charitable income tax deduction. For gifts of fully paid-up policies, your deduction will be equal to the policy's surrender value or net premiums paid, whichever is less. In certain cases, you may arrange to give a partially paid-up policy to the College, receive a deduction for the cash surrender value of the policy, and deduct any premiums you continue to pay through the College. Williams College accepts gifts of life insurance policies with a minimum charitable deduction value of $5,000. Life Insurance policies can also be used to fund life income gifts.

Call (413) 597-3538, email the Williams College Office of Gift Planning, or complete the personal illustration form on this website so that we can assist you through every step of the process.

Gifts of Other Assets
How to give other assets, such as: Retirement Plans, Charitable Bargain Sales, Closely-Held Stock, Partnership Interests, Tangible Personal Property, and Life Insurance.