You transfer ownership of a paid-up life insurance policy to the Institute of HeartMath.
After the transfer, IHM elects to cash in the policy now or to keep the policy and receive the death benefit later.
Benefits
You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy (technically, the “interpolated terminal reserve value” of the policy).
In some cases, you can use the cash value in your policy to fund a life-income gift, such as a deferred gift annuity.
You can have the satisfaction of making a significant gift now to IHM without adversely affecting your cash flow.
