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, Tower Cancer Research Foundation can receive your commercial annuity completely tax-free when you 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.
- Contact Linda David at 310.299.8472 or Linda.firstname.lastname@example.org for additional information on commercial annuities.
- Seek the advice of your financial or legal advisor.
- If you include Tower in your plans, please use our legal name and federal tax ID.
Legal Name: Tower Cancer Research Foundation
Address: 8767 Wilshire Blvd., Suite 401, Beverly Hills, CA 90211
Federal Tax ID Number: 95-4596354