Life Insurance Major Gift Process
Welcome to Doro Foundation’s life insurance major gift solution, a seamless and efficient way to make a difference by donating your life insurance policy to support non-profit organizations. By following our simple 4-step process, you can transform your life insurance into an immediate source of funding for the causes you care about most. Our experienced team will guide you through each step, from evaluating your policy with our Life Insurance Gift Evaluation Form to the final transfer of funds. With our streamlined approach, donating life insurance has never been easier or more impactful. Let’s get started on making a difference today!
Step 1: Complete Life Insurance Gift Evaluation Form
This evaluation form provides basic information that will allow our team to pre-qualify policies and avoid wasting time.
Step 2: Complete Donation Paperwork
If there is a donation opportunity we will provide paperwork for the donor and insured to complete that provides:
- Authorizations to determine Fair Market Value
- Agreements to facilitate the donation properly
*The donor can review the FMV and decide to donate all, none, or a portion of the policy.
Step 3: Donate Policy
Once the donor has decided how they would like to proceed the final transfer paperwork is completed. Ownership is then transfered to the Doro Foundation (or sponsoring non-profit).
Step 4: Non-Profit is Funded
Once the life insurance policy has been sold and the proceeds have been recieved, the donor recommends non-profit organizations to receive the funds. This transfer of funds can provide a significant and immediate source of support for the non-profit, allowing them to further their mission and achieve their goals.