Donating Life Insurance

There are a number of ways you can help support the education of our young seminarians and provide quality health care for our elderly and sick friars. The opportunity listed below contain general information regarding giving options. However, we urge you to seek the counsel of a professional financial advisor prior to making your final decision.

Leverage Your Life Insurance Policy

Life insurance policies are often drawn in order to support and protect those we love from the unexpected death of a provider or loved one. Thankfully, the years go by and the initial need for those policies change. You have two options to leverage life insurance policies. First, you can name the Southern Dominican Province as the recipient of the death benefits from your life insurance policy. Or you could sign over ownership of the policy to us right now. This latter option allows you to receive an income tax deduction equal to the policy's fair market value or the total premium paid, whichever is lower (Please note that laws addressing the contribution of insurance policies vary with each State. We encourage you to consult your attorney or financial consultant on how to best provide this gift.)

For more information on how you can you leverage your life insurance policy, please email Fr. Scott O'Brien, OP or contact our Development Manager at 504-837-2129. 

*The Southern Dominican Province, USA (our legal title) is a 501(c)3 not-for-profit tax-exempt institution and enjoys the benefits of Federal tax deductions offered to private philanthropic donors.