Planned Giving
Life Insurance
Life Insurance Policy
An important but frequently overlooked role of life insurance is the one it can play in charitable gift planning. Life insurance itself can be the direct funding medium for a gift, permitting the donor to make a substantial gift (face value of policy) for a relatively modest annual outlay (i.e., the premium payment).
Life Insurance to Replace Gift
Life insurance can also be used to replace an asset that has been given to Navy League. How it works: After a donor makes a gift to Navy League, the tax savings produced by the charitable deduction are used by his or her children or an irrevocable trust to purchase and pay the premiums on a life insurance policy on the donor's life. Such an arrangement can ensure that the interests of family beneficiaries will not be adversely affected.
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Disclaimer
Legal Disclaimer
The Navy League is an exempt organization, duly qualified under Section 501(c)(3) of the Internal Revenue Code, contributions to which are tax deductible in accordance with federal law.
If your donation is for a scholarship, the Navy League Foundation is a 501(c)(3) organization: Federal Tax ID 31-1677884.
Legislative Affairs
Navy League members are committed to supporting the Navy, Marine Corps, Coast Guard and U.S.-flag Merchant Marine. We volunteer our time and give money — with no special interests involved — to ensure our sea services have the resources they need to thrive.
Create a Facebook Donation Campaign
Peer-to-peer giving is one of the most effective ways to raise money and spread the word about causes you love. Create and share a Navy League Facebook donation campaign with your friends and help further our mission.
