Consider purchasing a new policy and naming ROLDA as owner and beneficiary. With this type of gift, the premiums you pay may be deductible as charitable gifts each year. In this way, through the payment of affordable annual premiums and reducing your taxes in the process, you arrange for an eventual gift that may be much larger than would be possible using other resources.

Another way to give using life insurance is to purchase a policy to replace other assets given ROLDA. For example, if you make a significant charitable gift of cash or other property, you might utilize the tax savings to purchase a life insurance policy to benefit your heirs at death. The amount you gave to ROLDA may thus be replaced by the amount received by your heirs from the life insurance policy.