Gift Planning Menu
Gifts of Insurance
A gift of your life insurance policy is an excellent way to make a gift to Omicron Delta Kappa. If you have a life insurance policy that has outlasted its original purpose, consider making a gift of your insurance policy to Omicron Delta Kappa. For example, you may have purchased a policy to provide for minor children, but they are now financially independent adults. This would be a good time to take that policy and use it to benefit ODK.
Benefits of gifts of life insurance
- Receive a charitable income tax deduction
- If Omicron Delta Kappa retains the policy to maturity, you can receive additional tax deductions by making annual gifts so that we can pay the premiums
- If Omicron Delta Kappa 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 Omicron Delta Kappa as the beneficiary of your policy. Please sure to use the Society's legal name in the designation: Omicron Delta Kappa Society and Educational Foundation, Inc.
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, recognize you for your gift, and welcome you as a member of the Heritage Society.