3 Powerful and Simple Ways to Support Towson

Life Insurance

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to Towson University:

Name Towson University Foundation a beneficiary of the policy. This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate Towson University Foundation as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name Towson University Foundation as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Get Started With These Next Steps

  1. Contact Kathleen Hider at 410-704-6287 or khider@towson.edu for additional information on life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Towson University in your plans, please use our legal name and federal tax ID.
Legal Name: Towson University Foundation, Inc.
Address: Towson University Foundation, 8000 York Road, Towson, Maryland 21252-0001
Federal Tax ID Number: 52-0939453