Planned Giving

Giving Life Insurance

A Meaningful and Easy Way to Support the Archdiocese Of Chicago

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—your policy can support our work. There are three ways to give life insurance to Archdiocese of Chicago:

  • Name us a beneficiary of the policy (Link)
    This gift is as simple as updating your beneficiary designation form with the policy holder to have the Archdiocese of Chicago as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so 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 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 take out a new policy and irrevocably name the Archdiocese as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Next Steps

  • For additional information on life insurance, please contact:
    Elin R. Schriver, Planned Giving Relationship Manager
    Archdiocese of Chicago
    835 North Rush Street
    Chicago, IL 60611-3020
    312.534.5396
    eschriver@archchicago.org
  • Seek the advice of your financial or legal advisor.
  • If you include the Archdiocese in your plans, please use our legal name and federal tax ID.

Legal Name: Archdiocese of Chicago or The Catholic Bishop of Chicago

Federal Tax ID Number: 36-2170826

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.