Professional Advisors

We are your philanthropic partner!

The Greater Taylor Foundation is your trusted philanthropic partner in Planned Giving

Your clients ready to start a fund?
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Expertise, Service, and Flexibility to Serve the Philanthropic Goals of Your Clients

If you are an individual or a professional advisor helping a client interested in structuring a way to support charitable opportunities or community needs, then let us be your partner.

As a professional advisor, you frequently have an opportunity to help your clients achieve their philanthropic goals as efficiently and effectively as possible. Charitable giving through the Community Foundation of the Brazos Valley, which offers tax benefits, gives you a unique resource to help your clients achieve other personal, financial or business goals.

One of the greatest opportunities for professional advisors’ clients to maximize the benefits of charitable giving occurs is when they are making major life decisions related to:

  • Estate planning
  • Sale of a business or other major asset
  • Retirement planning
  • Timing of an unusual financial gain

As the Taylor area’s trusted partners in philanthropy, the Foundation has unique competencies to support individuals, families, companies and charitable organizations in making gifts, current or deferred, to accomplish specific personal goals and benefit their community.

Life Insurance

Consider the following ways to make a gift of life insurance to the Community Foundation.
When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful, yet simple way to support our work.

There are three ways to give life insurance to the Community Foundation of the greater Taylor area:

Name us a beneficiary on your life insurance policy

This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate the Foundation as the primary beneficiary for a percentage or specific amount. You can also make the Foundation as the contingent beneficiary so that we will receive the balance of your policy, only if your primary beneficiary doesn’t survive you.

Make an outright gift of an existing policy

You can transfer the ownership of an existing life insurance policy to the Foundation by name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.

Make an outright gift of a new policy

You can purchase a new life insurance policy and irrevocably name the Community Foundation as the owner and beneficiary of the insurance contract. This method may be particularly attractive for younger donors. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Take the Next Step

  1. Contact the Community Foundation about your interests in donating with life insurance.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Greater Taylor Foundation in your plans, please use our legal name and federal tax ID.