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guide
Life Insurance
A life insurance policy may include UCS as a beneficiary, whereby proceeds from the policy will be paid to UCS upon the death of the insured. Or, you may name UCS both owner and beneficiary of the insurance policy, in which case you may take a current tax deduction based on the "interpolated terminal reserve value of the policy" (as calculated by the insurance company).
If you make gifts to UCS in the amount of the policy's premiums, you can take a charitable income tax deduction provided UCS is not obligated to use the payments to cover the policy's premium.
Some of the key contact information you may need in order to include UCS as a beneficiary is listed below.
Full Name: Union of Concerned Scientists, Inc.
Address: Two Brattle Square, Cambridge, MA 02238-9105
Tax identification number: 04-2535767 (in place of Social Security number)
Relationship: Nonprofit organization with 501(c)(3) status
Legal language: Union of Concerned Scientists, Inc., a nonprofit corporation, organized and existing under the laws of the District of Columbia, and with principal business address of Two Brattle Square, Cambridge, MA 02238-9105.
For more information
For more information, please contact Adam Kessler by phone at 800-666-8276 or by email at akessler@ucsusa.org. | |
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© Union of Concerned Scientists
Page Last Revised: 11/13/06 |
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