By assigning a life insurance policy to The Scranton Area Foundation, the donor can support the causes and charities they believe in. People often purchase life insurance when they need protection either for their family, business, or estate. Later in life, they may find that they do not need as much insurance. As a result, they sometimes find it desirable to use insurance policies to make charitable gifts.

Donors receive a federal income tax deduction for the amount of the cash surrender value in the year of the irrevocable transfer of the policy to the Foundation. Any type of fund may be established with an insurance policy. Life insurance enables donors to make a much larger gift than they might have thought possible, and a gift of insurance may not reduce their current stream of income.