Commercial Annuities

A Smart Way to Leave a Gift to Davidson College

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, Davidson College 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 does not survive you.

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Next Steps

  1. Contact Dawn Smith at 704-894-2103 or dasmith@davidson.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Davidson in your plans, please use our legal name and federal tax ID.

Legal name: The Trustees of Davidson College, a not-for-profit corporation
Address: 405 North Main Street, Box 7162, Davidson, North Carolina 28035-7162
Federal tax ID number: Please contact us for our federal tax ID number.

Personal Estate Planning Kit

Our Top Free Resource

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

Download My Kit