Like retirement plan assets, commercial annuities grow tax-deferred during your lifetime. But because distributions are taxed as income, they are often one of the most tax-efficient assets to leave to charity.

As a tax-exempt organization, University of the Cumberlands can receive the full value of your annuity completely tax-free—ensuring your gift goes further to support students and programs you care about.

How to Make This Gift

Giving your commercial annuity is easy:

1. Request a beneficiary form from your bank or insurance company.

2. Name the University as a beneficiary for either a specific amount or a percentage of the annuity.

3. You can also list the University as a contingent beneficiary, so we receive the balance only if your primary beneficiary does not survive you.

A few simple steps can turn your commercial annuity into a lasting legacy for future generations.