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Life Insurance Policy

Life Insurance Policy Diagram

How It Works

  1. You assign all the rights in your insurance policy to Gilman, designate us as irrevocable beneficiary, and then receive an income-tax deduction
  2. Gilman may surrender the policy for its cash value or hold it and receive the proceeds at your death

Benefits

  • You receive a federal income-tax deduction
  • If premiums remain to be paid, you can receive income-tax deductions for contributions to Gilman to pay these premiums
  • You can make a substantial gift on the installment plan
  • Gilman receives a gift they can use now or hold for the future

More Information

Contact Us

Heather Harlan Warnack

Heather Harlan Warnack
Director of Development
hwarnack@gilman.edu

adearing@gilman.edu

Alice Dearing
Director of Stewardship
adearing@gilman.edu

 

Gilman School
5407 Roland Avenue
Development Office
Baltimore, MD 21210
410-323-3800, ext.657

Federal Tax ID Number: 52-0591604

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