“MDIBL has enriched our lives with outreach programs and educational opportunities. Our daughter’s medical career started at the Lab first as a high school and then as a college student. We are glad to support the research at MDIBL that will continue to improve people’s lives for generations to come.” – Donald and Heather Parker
Gifts of Life Insurance
Typically, two types of life insurance policies are donated to the MDI Biological Laboratory: paid-up whole life policies and newly issued policies. With this type of planned gift, you have several options:
- List the MDI Biological Laboratory as the beneficiary of an existing policy and earn an estate tax charitable deduction.
- Make the MDI Biological Laboratory the owner and beneficiary of an existing policy, thus removing it from your taxable estate and earning an immediate income tax deduction.
- Take out a new policy with the MDI Biological Laboratory as the owner and beneficiary (all premium payments are tax deductible).
- Use your policy in conjunction with a life-income gift to “replace” assets that would be transferred to your heirs.
Your generous support is key to continuing this important work. Join us in pioneering new treatments in regenerative medicine, extending healthy lifespan and increasing scientific literacy by giving today.
To learn more about how to leave your legacy, please contact Jeri Bowers, Director of Development, at firstname.lastname@example.org or 207-288-3147.