Donate an Insurance Policy

A gift of a life insurance policy you no longer need makes a perfect year-end gift. To qualify as a deductible gift, the IIT Madras Foundation must become the policy owner. For most types of insurance policies, your tax deduction is usually the lesser of the cost basis or the fair market value of the policy.

Please fill in the information below and Alison Ferrell will contact you.

IITM_foundation_fee_disclosures

IITM Foundation Board has approved the establishment of a Fee on all Project and Endowment receipts for IITM Foundation’s operating expenses.

The Fee is a flat 5% on a donated amount.