Charity Owned Life Insurance

  • 2010 - GOV (DOTT-Department of the Treasury) - Report to Congress on Charity-Owned Life Insurance - 39p
  • 2010 - LC - OSU, T. Boone Pickens, Gift of a Lifetime, Life Insurance,
  • Date-? - Charity-Owned Life Insurance: An Objective Primer for Planned Giving Officers, by Dick Weber - 84p
  • Legal Case - OSU  / Lincoln National  Life  / T. Boone Pickens
    • wikipedia.org///Gift_of_a_Lifetime
      • "To a layperson like myself, it's amazing insurance companies make money on this, too, but they know their business," Reece told The Oklahoman.
      • Program canceled & lawsuits
        • As of February 2010, OSU and Lincoln National had filed suits against each other.
        • The OSU suit claimed Lincoln National's agents lied and misrepresented the plan and its costs.
        • Lincoln National's lawsuit was filed against Boone Pickens, claiming he was responsible for urging the OSU to cancel the policies.
        • On March 9, 2012, the federal judge overseeing the lawsuit between OSU and Lincoln National sided with Lincoln National in its case with OSU.[7]
    • 2007 0326 - LA Times - Now this is taking one for the team, by Greg Johnson - [link]
      • The Pickens insurance plan passed muster with Oklahoma state regulators, but Oklahoma State’s Gift of a Lifetime Program is generating controversy.
      • U.S. Sen. Charles E. Grassley (R- Iowa), who has been investigating the tax-exempt status of major college athletics programs, last week told Congressional Quarterly that he had questions about the Pickens program.