Samantha owns a $200,000 whole life non-participating policy with a cash surrender value of $30,000 and annual premium payments of $2,500. She has no further need for the policy in her personal financial plan and would like to gift it to her favorite charity. She has told you that she is concerned about her high current tax rates and would like to take steps to use the gift to reduce her taxes payable over the next few years.

How would you recommend that she structure the gift to the charity to obtain maximum current tax benefits?