Gifts We Can Help You Unlock
If your organization has been named a beneficiary of an Irrevocable Trust or Life Insurance Policy, you may be eligible for upfront funding.
Irrevocable Trust
An irrevocable trust is a type of trust that, once established, cannot be altered or canceled, preventing the grantor (the individual setting up the trust) from modifying its terms or reclaiming the assets it holds. Unlike a revocable trust, which permits the grantor to adjust or dissolve the trust at any time, an irrevocable trust is fixed and permanent.
Life Insurance Policy
A life insurance planned gift involves naming a nonprofit as a beneficiary of a life insurance policy, ensuring the organization receives a payout upon the donor’s passing. Unlike a bequest, which is part of a will, this gift is managed outside the estate, offering privacy and potential tax benefits. With verifiable policy value and donor commitment, nonprofits may use such gifts to secure loans from lenders, provided documentation and financial criteria are met.
