Life Insurance

When the original purpose for a life insurance policy no longer applies—such as educating children now grown or providing financial security for a spouse now deceased—your policy can become a powerful and simple way to support our work. There are three ways to give life insurance to Roger Bacon High School:

Name us a beneficiary of the policy (link to beneficiary designations). This gift is as simple as updating your beneficiary designation form with the policy holder. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn't survive you.

Make an outright gift of an existing policy. You can name us as owner and beneficiary of an existing policy. You may receive a federal income tax charitable deduction and reduce your future estate tax liability. If you continue to pay premiums on the policy, each payment is tax deductible as a charitable gift.

Make an outright gift of a new policy. You can take out a new policy and irrevocably name Roger Bacon High School as the owner and the beneficiary of the insurance contract. This method may be particularly attractive for the younger donor. Whether you make one single premium payment for the policy or pay annual premiums, each payment is tax deductible as a charitable gift.

Next Steps

  1. Contact the Office of Advancement at 513.641.1313 or plannedgiving@rogerbacon.org for additional information on bequests or to chat more about the different options for including Roger Bacon High School in your will or estate plan.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Roger Bacon High School in your plans, please use our legal name and Federal Tax ID.

Legal Name: Roger Bacon High School
Address: 4320 Vine Street, Cincinnati Ohio 45217
Federal Tax ID Number: 31-0536691

The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in examples are for hypothetical purposes only and are subject to change. References to estate and income taxes include federal taxes only. State income/estate taxes or state law may impact your results.