There are many ways that our alumni and friends can elect to make financial contributions to Boise State. A gift of life insurance is just one of the many ways individuals can make a contribution that is more substantial than they ever thought possible. Danny Richards is one alumus who has chosen to make a difference for the future.
Who knew that young alum, Daniel Richards BSU ’08, at the ripe old age of 26 could make a gift of over $100,000? Well that’s what he did with careful planning using life insurance as the vehicle. Danny, who received his BA in History in December 2008, is a financial representative with The Northwestern Mutual Financial Network in Boise. Working with Jennifer Neil, CFRE, at the Boise State University Office of Gift Planning, they designed a plan whereby Danny would establish a life insurance policy; assign Boise State University Foundation as the owner and 100% beneficiary; and make annual gifts of about $500 directly to the Foundation, tax-deductible. The Foundation then makes the premium payment. As an additional bonus, Northwestern Mutual matches his $500 gift as a representative of the company.
If you would like to learn more about supporting a Boise State University program using life insurance as part of your estate planning, please contact:
Jennifer Neil, CFRE
Boise State University Advancement
Office of Gift Planning
D & DW Associates, Olympia, WA
Northwestern Mutual, Boise, ID