One of the most convenient ways to make a gift to Sarah Lawrence is to name the College as a beneficiary of a life insurance policy that may no longer be needed to protect your family. Such a gift provides you with a charitable income tax deduction equal to the current value of the policy or net premium payments, whichever is less. It is also possible to purchase a new policy, naming Sarah Lawrence as owner and beneficiary. This is an easy way to make a substantial gift over time that is most likely larger than its cost. You are also entitled to a charitable income tax deduction for the amount of the premiums.