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Outright Gift of Life Insurance

Insuring the Future for BCGT

If the original purpose of your life insurance policy—such as providing for children or a spouse—no longer applies, that policy can be repurposed to create a lasting impact on the youth in our community. Your life insurance policy can become a powerful way to support Boys & Girls Clubs of Topeka, and there are several ways to make this gift.

  • Name Us as a Beneficiary: The simplest way to contribute is to name Boys & Girls Clubs of Topeka as a beneficiary of your policy. You can designate us as the primary beneficiary for a percentage or specific amount, or as a contingent beneficiary, meaning the Club will only receive the policy balance if your primary beneficiary doesn’t survive you.

  • Outright Gift of an Existing Policy: If you have an existing policy that you no longer need, you can transfer ownership to Boys & Girls Clubs of Topeka. In this case, you may qualify for a federal income tax charitable deduction if you itemize your taxes. If you continue paying premiums on the policy, those payments could also be tax-deductible as charitable gifts.

  • Outright Gift of a New Policy: You can also take out a new policy and name Boys & Girls Clubs of Topeka as both the owner and beneficiary. This option is particularly attractive for younger donors. Whether you make a single premium payment or continue making annual payments, each contribution may be tax-deductible if you itemize your taxes.

These flexible options allow you to turn an unused policy into an impactful gift that supports local kids and teens, ensuring your legacy continues through the next generation.

Contact Us

Our planned giving team would be happy to speak with you to help you achieve your legacy and planned giving goals.

Next Steps

  1. Contact Shelley Robertson at spmg@bcgtopeka.org or call (785)600-1863 for information on making this gift

  2. Seeks the advice of your financial and/or legal advisor.

  3. If you include Boys & Girls Clubs of Topeka in your plans, please use our legal name and federal tax ID below:

Legal name:

Boys & Girls Clubs of Topeka

Address: 

550 SE 27th St., Topeka, KS 66605

Federal Tax ID #: 

48-0636732

Outright Gift of Life Insurance
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