Commercial Annuities

A Smart Way to Support Augusta University

Like retirement plan assets, commercial annuities provide for tax-deferred growth while the owner is living. Because distributions from commercial annuities are subject to income taxes, they are often considered among the best assets to leave to charity. Due to our tax-exempt status, we can receive your commercial annuity completely tax-free. The best way to give a commercial annuity in support of our work after your lifetime is to name us as beneficiary.

Making this gift is as simple as updating your beneficiary form with your bank or insurance company. You can designate us as the primary beneficiary for a percentage or specific amount. You can also make us the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary doesn’t survive you.

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Next Steps

  1. Contact Mary L. McCormack at 706-721-5027 or mmccormack1@augusta.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include AU in your plans, please use our legal name and federal tax ID.

Legal name: Augusta University Foundation
Address: 1120 15th Street AD-1104 Augusta, GA 30912
Federal tax ID number: 58-6038134

Personal Estate Planning Kit

Our Top Free Resource

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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