A gift of life insurance to the Sacramento SPCA can be a way to make a significant donation even though you may not be a wealthy person. If you have existing policies for which you no longer need the coverage, consider assigning ownership to the Sacramento SPCA. By naming the Sacramento SPCA as both owner and beneficiary, you get a tax deduction as well as make a generous gift at low cost. You may take an immediate tax deduction for the cost basis or surrender value, whichever is less.