You may want to consider the benefits of giving a life insurance policy to Washington National Opera.

If you are carrying more insurance coverage than your family obligations now require, you may find a hidden gift asset in a surplus, paid-up policy. Alternately, you could create a gift for the future by taking out a new policy on your life and naming the Opera as the owner and beneficiary.

You must name the Opera as irrevocable [you can't change the terms in the future] owner and beneficiary of an insurance policy to secure tax benefits from your gift. A gift of a paid-up policy produces a charitable deduction in the amount of the policy's cash surrender value or basis, whichever is less. With a gift of a new policy, the Opera will pay the premiums; gifts to offset those payments are deductible. Gifts of life insurance should be discussed with our staff in advance.

Thoughtful gift planning ensures maximum benefits for you and for the Opera. For additional information on planning your gift or for an individualized illustration, provided confidentially, please contact:

Washington National Opera
Steve I. Schneider, Esq., Director of Planned Giving
2600 Virginia Avenue NW, Suite 301
Washington , DC 20037
202-295-2418 | Fax: 202-295-2479
E-mail: sschneider@dc-opera.org

(Back to All Gifts-at-a-Glance)

The type of gift you make determines your tax benefits, and tax laws frequently change. You should consult your own legal and tax advisors regarding planned gifts to Washington National Opera.