Gifts of Life Insurance

Life insurance offers an alternative method for making a charitable gift to the McLaren Foundation.  For example, a donor may:

  • Give a policy that is fully paid up and take a deduction for the "present value" of the policy, as determined for tax purposes, (which generally is the approximate cash surrender value); or
  • Purchase a new policy of which McLaren is designated the owner and beneficiary.

Certain gifts of life insurance require approval by the McLaren Foundation Board