Life Insurance to Replace Gift—Wealth Replacement

Life Insurance to Replace Gift Diagram. Description of image is listed below.

How It Works

  1. You make a gift to Food Bank For NYC
  2. You give the tax savings from the charitable deduction to your children
  3. Your children purchase an insurance policy on your life with the tax savings
  4. Your children will receive the proceeds upon your death

Benefits

  • You can make a significant gift to Food Bank For NYC without diminishing the amount your family will receive
  • Your tax savings finance this life insurance policy

Contact Us

Dawn Ellwood
Director, Planned Giving
646.634.3984
plannedgiving@foodbanknyc.org

Food Bank For NYC
355 Food Center Drive 
Bronx, NY 10474 

Federal Tax ID Number: 13-3179546

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