Maximizing the Impact of Charitable Giving through Life Insurance

Charitable giving has been a cornerstone of humanity for centuries. In today's fast-paced world, people are constantly looking for innovative ways to contribute to causes they hold close to their hearts. One such method gaining popularity is the utilization of life insurance as a tool for charitable giving.

The Power of Life Insurance in Philanthropy

Life insurance is traditionally seen as a means to provide financial security for loved ones after a policyholder's passing. However, it holds untapped potential as a vehicle for charitable giving. By naming a charitable organization as the beneficiary of a life insurance policy, individuals can leave a lasting legacy while enjoying certain tax benefits during their lifetime.

A Real-Life Story: Impactful Charitable Giving

John, a successful entrepreneur, wanted to make a significant contribution to a cause he deeply cared about. However, his current financial situation made it challenging to make a substantial upfront donation. After consulting with a financial advisor, John discovered the option of using life insurance for charitable giving. By designating a prominent environmental organization as the beneficiary of his life insurance policy, John secured his philanthropic legacy. In addition, the premiums he paid were eligible for tax deductions, allowing him to support the cause close to his heart while benefiting from financial incentives.

Choosing the Right Charitable Organization

When considering using life insurance for charitable giving, it's essential to select an organization aligned with your values and vision for the future. Conduct thorough research to ensure that the chosen charity has a proven track record of impactful work in the relevant field.

Getting Started with Charitable Giving through Life Insurance

If you're considering utilizing life insurance as a tool for charitable giving, the following steps can guide you through the process:

Evaluate your philanthropic goals and financial situation
Consult with a financial advisor or estate planner specializing in charitable giving
Research and select a reputable charitable organization as the beneficiary of your policy
Review the tax implications and benefits associated with charitable giving through life insurance

Conclusion

offers a unique opportunity to leave a meaningful legacy while supporting causes that matter. By exploring this avenue of philanthropy, individuals can make a lasting impact on the world, ensuring their values endure for generations to come.

Jacklyn Vasko She is just a placeholder and will be replaced once photos and bios are attained from board members ;) Jacklyn Vasko She is just a placeholder and will be replaced once photos and bios are attained from board members ;)

Our Racing We aim to run local, out of state and out of the country races to represent our community and show off our skills! We will train together for upcoming races and help each other reach personal goals.

Our Goals We are excited to share our love of running and expand inclusion for LGBTQ athletes in both recreational running and road racing.

When We Meet Every Saturday at 8 am LOCATION Loyd Hall Boat House Row Philadelphia e: CC@Lezrun.org

Partners

Team

Non-Binary Racing

Lezrun is a proud advocate for road and trail race inclusion of non-binary divisions

with equal prizes as male and female divisions. These are some races our non-

binary athletes have participated in:

Philadelphia Distance Run

Broad Street Run

Pride Run

Boston Marathon

Allentown Brew-to-Brew

Racing

Lez Run was created for all

members of the LGBTQ

community, their friends and

family with an emphasis on

women and nonbinary folks.

Our focus is to provide LGBTQ

athletes (newbies and vets) a

safe, supportive and healthy

outlet via running. So grab your

running sneaks but leave your

inhibitions at home and join us

because running just got gayer!

Jacklyn Vasko She is just a placeholder and will be replaced once photos and bios are attained from board members ;)

When We Meet Every Saturday at 8 am LOCATION Loyd Hall Boat House Row Philadelphia e: CC@Lezrun.org

What We Do Our group welcomes all skill levels from beginner to pro! We meet once a week for a casual group run on Saturdays, rain or shine, but within reason :). We also schedule weekend long runs, social events and post fun races, so do check back for more information .