Benefits:
- Be eligible for an immediate income tax charitable deduction
- Create a sizeable gift for Marymount Manhattan with minimal outlay of funds
- Support Maymount Manhattan College's future
Did you know that you can support MMC's tradition of excellence by naming MMC as the partial or sole beneficiary of your life insurance policy?
Why life insurance?
By leaving an insurance policy to MMC, the proceeds will not be subject to estate taxes upon your death. Also, if you transfer ownership of the policy to MMC during your lifetime, you may qualify for an income tax charitable deduction and you may deduct the cost of future premium payments.
How can I name Marymount Manhattan College as a beneficiary?
If the policy already exists, you should request a "change of beneficiary" form from the insurance company. You can name MMC as sole or partial beneficiary or you can name the College as a contingent beneficiary in case you are predeceased by your primary beneficiary.
On the form list us as:
Marymount Manhattan College
221 East 71st Street
New York, NY 10021
Tax ID # 13-162820
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