| 摘要 |
A method for establishing a contractually guaranteed and lucrative endowment fundraising program. The program utilizes a third party lender, such as a bank, that finances a premium for a life insurance policy. The life insurance policy is owned by the tax-exempt organization for the life of a key person of the tax-exempt corporation. Interest on the loan for the life insurance policy is paid by assets of the tax-exempt organization, and may be paid, for example, by yearly donations by the key member for which the policy is taken, to the general account, or by others. Collateral for the loan may be a combination of the cash surrender value of the life insurance policy and a deposit of assets of the tax-exempt organization with the bank. The deposit may be, for example, an investment management account opened with the bank.
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