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Donation of an Existing Policy
Many parents bought policies for their children and now the children are grown. Others bought a policy covering the mortgage on their home, which now has been paid. For many, these policies are no longer a major part of their financial portfolio, but could be donated to the Leave A Legacy Insurance Endowment. The cash value of the policy is tax deductible.
Standard Issue Policy
Working with the insurance agent of the donor’s choice, after qualifying for the policy, the donor’s one time gift or annual donation to the Leave A Legacy Insurance Endowment pays the premium.
Gifts of Cash
The Sparrow Foundation year-end Giving Catalogue offers the option to designate a donor’s gift of cash to the Leave A Legacy Insurance Endowment.
Sparrow Society Wall of Honor
The names of donors who pledge $30,000 or more in this way will be recognized on the Sparrow Society Wall of Honor located in the hospital lobby.
Also, it is possible to make an insurance-based gift and become a member of one of the Sparrow Foundation’s giving clubs (Coaches for Kids, Ron Mason Fund for Kids, or the Jack Schick Fund).
For more information on this type of gift, call the Sparrow Foundation office at 517.364.5680.
All accrued annual interest from gifts will be rewarded to the fund of the donor’s choice on an annual basis.
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