Abstract: A program for generating new endowment for a tax-exempt organization. Life insurance policies are purchased for a group of suitable donor individuals, with the tax-exempt organization as the beneficiary. A finance company lends money to the tax-exempt organization in amounts sufficient to pay the annual life insurance premiums, and a secondary bank lends further money to the tax-exempt organization to cover the interest that accumulates annually on the premium loans. Upon the death of a donor individual, the policy death benefit is used in several ways: a predetermined fixed amount is set aside and used to pay the interest loan; a predetermined priority portion of the remainder is used to pay the premium loans; and, after the premium loans have been paid in full, any remaining balance is accumulated as new endowment. A Monte Carlo simulation is used to predict the program's performance.