You can make a powerful difference in our University’s future by including Clemson in your estate plans.
Establishing a legacy by including Clemson as a beneficiary of your estate plans will impact generations of Clemson students, faculty, and staff by enhancing learning perpetuity. Generally, assets are used to establish endowed funds that can be dedicated to support Clemson in the way that follows your estate plan instructions. Our Planned Giving team will quickly and confidentially provide gift illustrations and the language needed to ensure your wishes are realized. We are here to serve you with expertise and partnerships as you explore the impact you can make at Clemson today, tomorrow and forever.
Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Clemson University. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Clemson University. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- Receive additional income tax deductions each year that you make additional contributions so that Clemson University can pay the annual insurance premiums
- At death, the proceeds of your policy will be paid to our organization and we will use the insurance proceeds to continue our charitable work
How to make a gift of life insurance
To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include Clemson University as the beneficiary of your policy.
You can also designate Clemson University as a partial, full or contingent beneficiary of your life insurance policy. You will continue to own and can make use of the policy during your lifetime. Your estate may benefit from an estate tax charitable deduction.
Your deduction for the gift of life insurance will depend on the whether the policy has increased in value above the premiums and whether the policy is paid up or there are remaining payments to be made.