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Create Your Plan Estate Planning Guide E-newsletter The Peterson Society
  • Bequest—If you are looking for a way to leave a lasting legacy, consider naming us as a beneficiary of your will or trust. This is among the most popular ways to give back and allows you to continue to use your assets.

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  • A charitable gift annuity is a great way to support our mission while leaving a lasting legacy

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  • IRA Charitable Rollover—If you are 70 1/2 or older, an IRA rollover gift is a great way to support our mission, manage your income and taxes and simplify your charitable giving.

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Gifts of Insurance

A gift of your life insurance policy is an excellent way to make a gift to Buffalo State. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Buffalo State. For example, you may have purchased a policy to provide for minor children and they are now financially independent adults.

Gift of Insurance
Insurance
Buffalo State
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Benefits of gifts of life insurance

  • Receive a charitable income tax deduction
  • If Buffalo State retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
  • If Buffalo State cashes in the policy, you will be able to see firsthand how your gift supports our charitable work
  • If we retain the policy to maturity, or you name us as a beneficiary, once the policy matures, the proceeds of your policy will be paid to our organization so that we can use the proceeds to further our charitable work

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 Buffalo State 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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Giving to Buffalo State

1300 Elmwood Ave  •  Cleveland Hall 304  •  Buffalo, NY 14222
Phone: (716) 878-4658  •  bscfoundation@buffalostate.edu