Charity-Owned Life Insurance (COLI): A Powerful Way to Support a Cause You Love

Many Americans want to help a charity, church, or nonprofit that has touched their lives —
but writing a large check today may not be realistic.
That’s why more people are turning to Charity-Owned Life Insurance (COLI) as a meaningful and affordable way to give.

With COLI, a nonprofit becomes the owner and beneficiary of a life insurance policy.
This allows you to create a lasting legacy without needing to donate large amounts now.
It is one of the most impactful — yet least understood — charitable strategies in the United States.

What Is Charity-Owned Life Insurance?

Charity-Owned Life Insurance, commonly known as COLI, is when a donor either:

• Transfers ownership of an existing policy to a charity, or
• Purchases a new policy where the charity is the owner and beneficiary

This means the organization receives the full death benefit when the donor passes away.

Why COLI Is an Incredible Giving Tool

1. You Can Make a Major Gift for a Modest Cost

A small monthly premium today can become a $25,000, $50,000, or even $100,000+ gift later.
This makes charitable giving accessible for families at every income level.

2. You Leave a Legacy That Continues Your Values

Your gift can support a mission, ministry, school, shelter, foundation, or program long after your lifetime.

3. Tax Advantages May Apply

Depending on how the policy is structured, your ongoing premium payments or the policy’s value may qualify for tax deductions.

4. Perfect for Donors Who Want to Give but Need Flexibility

COLI allows people to give generously without changing their monthly lifestyle.

5. Smaller Charities Benefit the Most

Churches, rescue shelters, veterans groups, and local nonprofits often rely on these gifts to keep their programs thriving.

How Charity-Owned Life Insurance Works

Option 1: Donate an Existing Policy

If you already have a life insurance policy, you can transfer ownership to the charity.
They become the policy owner and beneficiary.

• You may qualify for a tax deduction
• The charity receives full value
• The gift is immediate and legally completed

Option 2: Create a New Policy for the Charity

Many donors take out a new policy specifically for their chosen organization.
The charity owns the policy, and you may choose to pay the premiums.

Option 3: Donate Cash Value or Dividends

If you have a whole life policy, you can give the charity access to the cash value or annual dividends.

Types of Charities That Benefit from COLI

Churches & Ministries

Many donors leave life insurance to support missions, youth programs, and community outreach.

Medical Foundations

COLI gifts fund research, treatment programs, and patient assistance.

Veterans Organizations

Life insurance donations support rehabilitation, family services, and veteran assistance programs.

Animal Rescues & Shelters

Policy gifts help shelters rescue more animals and expand their programs.

Schools & Scholarships

Donors often create scholarship funds or memorial gifts through charity-owned life insurance.

Are There Tax Benefits for Donors?

Yes — depending on structure and state.

If the charity owns the policy:

• You may receive an income tax deduction
• You may deduct future premium payments

If you only list the charity as a beneficiary:

There is no immediate deduction, but it may reduce estate taxes.

Always consult with a CPA — COLI is highly tax-efficient when structured correctly.

Is Charity-Owned Life Insurance Right for You?

COLI can be a perfect fit if you:

• Want to support a cause that matters deeply
• Prefer giving without large upfront donations
• Have a policy you no longer need
• Wish to leave a legacy in your community
• Want to maximize tax benefits

Why Work With Mintco Financial

Setting up COLI correctly is important — and most people don’t want to deal with confusing paperwork.
At Mintco Financial:

• We personally answer our phones — no call centers, no AI bots
• We help coordinate everything with your charity
• We guide you step-by-step through the process
• We collaborate with your CPA or attorney for proper documentation
• No fees for consultations or quotes
• We are a boutique advisory firm focused on relationships, not transactions

This is a meaningful decision. You deserve a real human being on your side.

Get Personal Help Setting Up Charity-Owned Life Insurance

If you’re ready to explore this powerful way of giving — or simply want honest guidance — we’re here to help.

No pressure. No obligation. Just real answers.