A gift of life insurance can be an effective and affordable way to make a meaningful gift in support of Auburn University. Whether you have a current policy that is no longer needed or you want to create a new policy to gift to Auburn, life insurance is a smart way to achieve your philanthropic goals.

Give ownership of your policy
If you own a life insurance policy that is no longer needed for its intended purpose, donating that policy can provide immediate benefits for you. If you decide to transfer ownership of your policy to Auburn, you may receive an income tax deduction for the cash value.

Make annual gifts for premiums
Another option is to make annual gifts to Auburn that can be used to pay the premiums on maintaining the gifted policy. You can receive an income tax deduction for the amount paid to the university to make the premium payments each year.

Name Auburn as a beneficiary
If you are like many people, you may not yet know if your life insurance policy will be needed and you would like to preserve your options. Another idea to consider is maintaining an existing life insurance policy during your lifetime and naming the Auburn University Foundation (AUF) as a beneficiary. Your insurance company can provide you with a change of beneficiary form that will allow you to name AUF as a beneficiary or as the beneficiary of a percentage of the policy proceeds.

Create a new policy
If you want to support Auburn in a tax-smart manner, you can create a new life insurance policy, name AUF as the sole beneficiary and give ownership of the policy to the university. You will receive an income tax deduction for premiums paid. Life insurance premiums can be surprisingly low. If the policy is not paid up, you can send Auburn a donation for the amount of the premium each year and receive an annual income tax deduction for each of those gifts as well.

To discuss your planned gift, or learn more about the possibilities, contact our Office of Gift Planning at (334) 844-7375 or

Correspondence can be mailed to:

Office of Gift Planning
317 S. College St.
Auburn, AL 36849-5137

Contact Auburn University’s estate planning professionals in the Office of Gift Planning at (334) 844-7375 or