By J.R. Orenstein

State Farm® Agent

June 2010

Schools, hospitals, museums, zoos, arts organizations, recreational facilities and places of worship all strive to make the world a better place and to improve the quality of our everyday lives. Many, if not most, of these organizations are non-profit, which means they are supported primarily by public and private contributions.

Contributing money to a charitable organization is not only a generous act, but also one that is extremely rewarding. You may want to make a larger contribution to a local organization or cause but feel it would put a strain on your budget.

However, with a little advance planning, you can contribute a much larger gift than you ever thought possible in your lifetime. And you can do so with life insurance. Other options include remainder trusts, gift annuities or wealth replacement trusts. Depending on the product you select, you can determine the amount of your yearly charitable contribution and use your yearly contribution to purchase and pay for a life insurance policy. The charitable organization owns the policy and is the beneficiary of its proceeds. The organization may use dividends, borrow or withdraw cash values during the life of the policy to meet their organization’s goals.

Participating in a charitable life insurance program not only offers opportunity to make a difference, it is also a resourceful way to meet your charitable giving goals without putting a strain on your budget. Meet with your financial and legal advisors to discuss what options are available to you to accomplish your charitable objectives.

J.R. Orenstein, Agent
State Farm, Providing Insurance & Financial Services
45 S Middle Neck Rd
Great Neck, NY 11021
'516.466-FARM (3276) 7516-466-3279
+JR@JRorenstein.com
:www.JRorenstein.com