If you have a life insurance policy that no longer serves its purpose - such as providing for children who are now financially independent - consider donating it to the Kansas Methodist Foundation.

• Receive a charitable income tax deduction
• Potential for additional deductions if you continue paying premiums
• See your gift make an impact if the policy is cashed in
• If retained to maturity, proceeds will support your legacy

• Fair Market Value (FMV) of the policy if KMF is both the owner and beneficiary
     - Deduction capped at 60% of Adjusted Gross Income (AGI)
• If the policy is gifted to the KMF, donors can obtain a dollar-for-dollar deduction up to $1,000 (starting Jan. 1, 2026) when making a gift to cover the policy’s premium
• Excess: Carry forward up to five years

Contact your insurance provider for a beneficiary designation form and list the Kansas Methodist Foundation as the beneficiary (full, partial, or contingent).

* Not intended as legal or tax advice.