A Smart Gift to Leave to The Ohio State University Foundation
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 as gifts. Due to our tax-exempt status, The Ohio State University Foundation 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.
How To Start
- Contact the Office of Estate and Gift Planning at 800-327-7907 or email@example.com for additional information on commercial annuities.
- Seek the advice of your financial or legal advisor.
- If you include Ohio State in your plans, please use our legal name and federal tax ID.
Legal Name: The Ohio State University Foundation
Address: 1480 West Lane Avenue Columbus, OH 43221
Federal Tax ID Number: 31-1145986
Payments for Life
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
Create Your Own Giving Plan
Create a secure plan for you, your loved ones, and the causes you care about with our complimentary Personal Estate Planning Kit.