2209 Gifts of Insurance Policies and Corresponding Premium Payments

Document purpose

To provide a framework for gifts of insurance policies.

effective

July, 2003

revised

March, 2006

Reviewed

May, 2021

Responsible Office

Treasurer

Approval

Treasurer

Policy

A donor may make the University of Pennsylvania beneficiary of an insurance policy. The University will credit the donor and issue a gift receipt.  

The donor remits the premium for the University to pay. All acceptances of insurance policies must be approved by the Office of Planned Giving.