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Father Dan Fitzpatrick, SJ, Moderator | Fordham University, Manresa House | 2540 Hughes Ave., Bronx, NY, 10458 | 718-817-5669 | brooklynprep@gmail.com
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Thank you for your interest in gifts of life insurance to benefit the Brooklyn Prep Alumni Association.

If you have made BPAA the beneficiary of a life insurance policy, please make us aware of your generous decision. Be aware that a life insurance policy can have several beneficiaries. The insurance company can send you a "Change of Beneficiary" form so that adding beneficiaries, including charitable beneficiaries, is not complicated. Please know that a life insurance policy that provides benefits upon your demise cannot be considered a current gift to the Brooklyn Prep Alumni Association.

Wealth Replacement, where the donor uses payments from a Charitable Gift Annuity or Charitable Remainder Trust to pay premiums on a life insurance policy that will benefit the donor’s heirs, is an interesting tool that helps Alumni make a gift to BPAA while protecting their heirs at the same time.

If you have any questions please contact BPAA Board member Michael Comerford '72 who specializes in Trusts & Estates for assistance in any of these matters.

Comerford & Dougherty LLP

516-248-4817

This email address is being protected from spambots. You need JavaScript enabled to view it.  

Whenever making important decisions regarding charitable giving or estate planning it is always best to consult your attorney and tax consultant.

 

 


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