Method for raising funds
OwnerJames J. Darrinventor
Life of this patent
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Abstract
A method for raising funds includes taking out life insurance on insurable interests of a first organization and naming the first organization as beneficiary of the life insurance. The method also includes transferring rights and/or benefits from the life insurance on the insurable interests to at least a second organization to raise funds for at least the first organization and/or the second organization.
Claims102
A method comprising:
- taking out life insurance on insurable interests of a first organization and naming the first organization as beneficiary of the life insurance;
- and
- transferring, partially, exclusively and/or wholly, one or more rights and/or benefits from the life insurance on the insurable interests to at least a second organization to raise funds for at least one of (i) the first organization and (ii) the second organization.
A machine-readable medium having encoded information, which when read and executed by a machine causes a method comprising:
- taking out life insurance on insurable interests of a first organization and naming the first organization as beneficiary of the life insurance;
- and
- transferring, partially, exclusively and/or wholly, one or more rights and/or benefits from the life insurance on the insurable interests to at least a second organization to raise funds for at least one of (i) the first organization and (ii) the second organization.
A method comprising:
- taking out insurance on insurable interests of a first organization;
- holding a policy or a plurality of policies for the insurance on the insurable interests of the first organization in a vehicle that is bankruptcy remote;
- and
- transferring, partially, exclusively and/or wholly, one or more rights and/or benefits from the holding vehicle to at least a second organization to raise funds for at least one of (i) the first organization and (ii) the second organization.
A machine-readable medium having encoded information, which when read and executed by a machine causes a method comprising:
- taking out insurance on insurable interests of a first organization;
- holding a policy or a plurality of policies for the insurance on the insurable interests of the first organization in a vehicle that is bankruptcy remote;
- and
- transferring, partially, exclusively and/or wholly, one or more rights and/or benefits from the holding vehicle to at least a second organization to raise funds for at least one of (i) the first organization and (ii) the second organization.
A method comprising:
- identifying insurable interests of a non-profit organization;
- taking out life insurance on the insurable interests of the non-profit organization depending upon an expected mortality rate for the insurable interests;
- and
- raising funds for the non-profit organization from the life insurance on the insurable interests.
A method comprising:
- taking out insurance on insurable interests associated with a first organization;
- and
- raising funds for at least the first organization by transferring, partially, exclusively and/or wholly, at least a right and/or a benefit from the insurance on the insurable interests to at least a second organization.
Dependencies are inferred from the claim text.