Commercial Annuities

A Smart Way to Leave a Gift to Park University

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, Park University 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 Nathan Marticke at (816) 584-6844 or nathan.marticke@park.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Park in your plans, please use our legal name and federal tax ID.

Legal name: The Board of Trustees of Park University dba Park University
Address: 8700 NW River Park Drive, Parkville, MO 64152
Federal tax ID number: 44-0562048

Personal Estate Planning Kit

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

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