(800)484-3227
Discover How To Use Leverage
To Increase Your Donor Contributions
Do You Think More Of Your Best Donors
Would Give Even More To Your Institution
If It Didn't Cost Them Anything Out-of-Pocket?
Wealthy individuals often desire to share their good fortune with non-profits, charities, foundations and universities of their choice. These generous, philanthropic individuals contribute to their favorite institutions annualy and/or with a one-time lump sum benefit upon their passing.
Our unique Strategy gives these Donors the ability to do both - contribute annually and leave a significant contribution at death - without ever having to write a check!
How does our Strategy work?
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Bank Financed Life Insurance - a unique & exclusive client-friendly Indexed Universal Life policy. (We work with some of the top insurance carriers on the planet.)
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The insured can obtain a policy up to 1x their net worth.
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One of our selected insurance carriers will underwrite and issue a multi-million policy.
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The Bank lends a single premium for the policy in the first year.
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An approved ILIT is set up to own the policy, with the Trustee being whomever the insured appoints.
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Although the Trustee cannot change the trust beneficiaries, as this is an ILIT, at the direction of the insured, the Trustee can change the amount and who receives the 'living benefit' each year, or cease giving all together if the insured so decides.
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An organization can receive annual contributions and up to 50% of the net death benefit.
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The other 50% of the death benefit can go to the insured’s LLC, another ILIT, a Family Foundation (that is not a charitable foundation) or to family members.
A Case Study
A wealthy graduate for a prestigious university in Boston desires to give back to his alma mater. The 50 year old male, in good health, chooses our Y20 Strategy.
Assuming he lives to the average life expectancy of a male (age 84), the program will generate about $28 Million in funds for his university. And with no money out-of-pocket!
The numbers:
At his death, the university will receive half of the net death benefit, or more than $11 Million.
In addition, the annual contributions generated by the Y20 program during the life of the Donor will total over $17 Million:
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Years 1-5: $250,000
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Years 6-10: $450,000
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Years 11-20: $3,650,000
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Years 21-30: $8,925,000
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Years 31-34: $4,600,000
Annual Total (Years 1-34): $17,875,000
A $28 Million Windfall
With No Money Out-of-Pocket!