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Designating the HEC Montréal Foundation as the beneficiary of a life insurance policy

An economical way of making a meaningful contribution
Jean-François Cloutier

“I topped up my donation by including the HEC Montréal Foundation in my will as a recipient of a portion of the death benefit from a life insurance policy I have. The tax credit will reduce the actual cost of the policy… which lets me optimize the net value of my estate.”

Jean-François Cloutier, HEC Montréal 2008

You can maintain control over your life insurance policy by continuing to be the owner and naming the Foundation as the beneficiary directly in your policy or by indicating in your will that you are leaving all or part of the death benefit to the Foundation.

  • You can leave a substantial donation in exchange for affordable premium payments.
  • This can be particularly beneficial if it is likely your estate will have a heavy tax burden to bear.
  • The HEC Montéal Foundation will receive the death benefit from the policy, and a tax receipt for this amount will be forwarded to your estate.
  • Your generosity will be acknowledged during your lifetime, even though your gift will be disbursed at a later date.

We’re here for you every step of the way!

Badreddine Maamar
HEC Montréal 2007
Director – Major and Planned Gifts, and Assistant Director
Member of CAGP
Member of APFF

514 340-7186

Humeyra A. Karsli
HEC Montréal 2010
Senior Advisor – Philanthropy and International Alumni Relations
Member of AFP

514 340-7735

The HEC Montréal Foundation’s CRA registration number is 118924158 RR0001.

Alumni + Foundation > Give now > Planned giving > Gifts of life insurance > Designating the HEC Montréal Foundation as the beneficiary of a life insurance policy