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 a charitable institution. Due to our tax-exempt status, the University of Maryland can receive your commercial annuity completely tax-free. The best way to give a commercial annuity in support of the university 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 Maryland as the primary beneficiary for a percentage or specific amount. You can also make Maryland the contingent beneficiary so that we will receive the balance of your policy only if your primary beneficiary does not survive you.