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How to Give

Leaving a Legacy with Planned Giving - Bottomless Closet

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Make Bottomless Closet a beneficiary of your life insurance

Making a gift of life insurance allows you to transfer ownership of a paid-up life insurance policy to Bottomless Closet. Bottomless Closet elects to cash in the policy now or hold it.

How You Benefit from a Gift of Life Insurance

Make a gift using an asset that you and your family may no longer need.

Receive an income tax deduction equal to the cash surrender value of the policy.

You may be able to use the cash value of your policy to fund a gift that delivers income, such as a charitable gift annuity.

Please use the following address for Bottomless Closet:
Bottomless Closet
Development
1 West 34th Street, Fifth Floor
New York, NY, 10001

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© Planned Giving Marketing. This document is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.

Bottomless Closet | 1 West 34th Street, Fifth Floor | ycassidy@bottomlesscloset.org
Copyright © Bottomless Closet and Planned Giving Marketing.

This site is informational and educational in nature. It is not offering professional tax, legal, or accounting advice. For specific advice about the effect of any planning concept on your tax or financial situation or with your estate, please consult a qualified professional advisor.