Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to St. Petersburg College. Life insurance policies can be donated by transferring ownership of a fully-paid policy to St. Petersburg College Foundation or by designating St. Petersburg College Foundation as the beneficiary of a policy you continue to own.

Gift of Insurance

Insurance

SPC Foundation

Benefits of gifts of life insurance

• Receive a charitable income tax deduction
• If you transfer ownership of a fully-paid policy, the proceeds of your policy will be paid to our organization to further SPC's mission and help future generations of SPC students. Fully paid policies can be retained until maturity or cashed in prior to maturity to allow SPC to benefit from your gift earlier than the maturity date.
• If you name us as a beneficiary in a policy you continue to own, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further SPC's mission and work in the community.

How to make a gift of life insurance

To make a gift of life insurance, please contact your life insurance provider, request a beneficiary designation form from the insurer and include St. Petersburg College Foundation, Inc. as the beneficiary of your policy.

Contact us

If you have any questions about making a gift of a life insurance policy, please contact us. We would be happy to answer questions that you have.

Please let us know if you have already named us as a beneficiary of your life insurance policy. We would like to thank you and recognize you for your gift.

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