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Gifts
of Life Insurance Life
insurance offers an attractive method for making charitable gifts to benefit The
Citadel. For example, you may give a policy that is fully or partially paid up
and take an income tax deduction for the value of the policy, (which generally
approximates the cash surrender value). Or, you may purchase a new policy that
names The Citadel Foundation as owner and beneficiary. A donor may also name The
Citadel Foundation as a beneficiary of an existing life insurance policy, retaining
ownership during life, but payable at death for support of The Citadel.
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