You can name the UWSP Foundation Inc. as a beneficiary of a life insurance policy (an IRA, TSA or other investment as well). Be sure to use the name UWSP FOUNDATION, INC. rather than UWSP, so the proceeds come to the Foundation and not to a state account at the university. You can set up instructions at the FOUNDATION for how you want the funds used or you can leave that to the discretion of the UWSP Foundation Board of Directors.   

 

A number of donors have established a gift of a life insurance policy to the UWSP Foundation. To accomplish this you would name the UWSP Foundation, Inc. as the owner and the beneficiary of the policy with yourself (or another family member) as the insured. You can fund the policy through a lump sum donation to the Foundation which we then use to pay the premium. Or you can fund the policy through annual gifts to the Foundation which we then use to pay the annual premiums. The premium is treated as a gift from you to the Foundation and is therefore tax deductible as allowed by income tax law. This is a great way to increase the amount of your gift following the death of the insured. Again, you can leave instructions with the Foundation as to how you would like the funds used or you can leave that to the discretion of the UWSP Foundation Board of Directors.

 

Gifts of life insurance qualify the donor for membership in our planned giving club, The Hanson Society.