Giving to Rhode Island Hospital

Planned Giving

Donating life insurance is another creative way to make a meaningful charitable gift. Here are some options to consider:

Give a paid-up policy. You may have a life insurance policy that is no longer needed. You can name the hospital foundation of your choice as the beneficiary and transfer ownership of the policy. Your charitable deduction would be about equal to the policy cash value.
Give a policy you are still paying premiums on. Your charitable deduction is the approximate cash value and future premium payments on the policy.
Assign the dividends to the hospital of your choice. The value of your dividends becomes an annual donation.
Purchase a new policy to guarantee a pledge.
Designate a beneficiary. Name the hospital foundation of your choice as a beneficiary to receive all or a percentage of the policy. A charity may be named as a contingent beneficiary.

Please call us at 401-444-6500 with any questions or comments about donating insurance.