Maryville

Estate Tax Deduction

When you make a gift to Maryville under your insurance policy, your gift will be fully estate tax deductible for federal estate tax purposes and will not be subject to any deductibility limits. Your gift may also be deductible for state inheritance law purposes.

Current Income Tax Deduction

For those who do not wish to retain the right to revoke their gift, there is the option of both naming Maryville as the beneficiary of your insurance policy and transferring ownership of the policy. Donors who make a lifetime gift of a fully or partially paid-up insurance policy may be entitled to an income tax deduction approximately equal to the policy’s cash surrender value.  These Donors may also enjoy ongoing income tax savings for their continued payments to cover the cost of the insurance policy premiums.

Donors who name Maryville as beneficiary of their insurance policy automatically become members of the Visionary Society.

Do you want to make a major gift to support the work of Maryville but worry about reducing your current cash flow?  Or do you want to make a major gift to Maryville but want to reserve the right to revoke your gift for any reason at all? If you answered “yes” to any of these questions, a gift through your insurance policy may be the right gift for you. 

Naming Maryville as the beneficiary of your insurance policy is easy. Simply ask your insurance agent for a beneficiary designation form and list “Maryville Academy” as the beneficiary.