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Gifts of Life Insurance
(A Gift of Buried Treasure)
How it works
- You transfer ownership of a paid-up life insurance policy to the American Red Cross.
- The Red Cross elects to cash in the policy now or to keep the policy and receive the death benefit later.
Benefits
- You receive gift credit and an immediate income tax deduction for the cash surrender value of the policy.
- In some cases, you can use the cash value in your policy to fund a life-income gift, such as deferred gift annuity.
- You can have the satisfaction of making a significant gift now to the Red Cross without adversely affecting your cash flow.
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2011 Annual Report
The GCCARC 2011 Annual report is available for download
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Will you know what to do when "what if" becomes "what now"?
>> Learn More
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The Tiffany Circle of the American Red Cross of Greater Cleveland is a powerful leadership network of women who want to change lives, save lives, and strengthen their communities through a focused investment of their time, talent, and treasure.
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Services to the Armed Forces has provided humanitarian support to the United States military, veterans and their families under a trusted symbol for almost 130 years.
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