If you have more insurance coverage than you need, you may consider giving Harvard a paid-up policy. By transferring the ownership of your policy to Harvard, you receive a charitable income tax deduction equal to the policy’s cash surrender value or cost basis, whichever is less.
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Harvard Management Company (HMC), a wholly owned subsidiary of Harvard University, was founded in 1974 to manage the University's endowment, pension assets, working capital, and deferred giving accounts. HMC is governed by a board of directors that is appointed by the President and Fellows of Harvard College, known as the Corporation. Jane Mendillo is President and CEO of Harvard Management Company and Jennifer Pline is the managing director of Trusts and Gifts.