Life insurance can be used for charitable giving. Here are resources.

Articles

• How to leverage your philanthropic gifts (Riscario blog)
• Three key questions for your charitable giving (Riscario blog)
• Donation guidelines from Warren Buffett, Bill Gates and Melinda Gates (Riscario blog)

Drawbacks

Good intentions don't guarantee good results or even good publicity.

The Gift Of A Lifetime Campaign At Oklahoma State University (OSU)

T Boone Pickens suggested a way for the athletics department to raise money: buy $10 million dollar life insurance policies on 27 supporters aged 65 to 85. What could go wrong? The annual premium was $16 million and no booster died. OSU cancelled the program after two years, losing $33 million.

• OSU Cowboys' death wish goes unanswered, lose $33 million (Forbes, Mar 2012)
• Death bets leave OSU $33 million in the hole (Daily Finance, Mar 2012)
• Gift Of A Lifetime (Wikipedia)

Lawsuits to recover the premiums from the insurer failed.

• Judge rules against OSU, Pickens (CBS News, Jun 20, 2012)
• Oklahome State fails to recoup $33M (ESPN, Mar 12, 2012)
• T Boone Pickens, OSU strike out againzext(Investent News, Jun 21, 2012)
• OSU bests on boosters dying, only to lose $33 million (Huffington Post, Jun 21, 2012)