A Smart Gift to Leave to UK

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, the University of Kentucky 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 UK 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.

Gifts That Pay

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.

Not Sure How to Begin Planning?

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Next Steps

  1. Contact Gift and Estate Planning at (859) 257-7886 or giftandestate@uky.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include UK in your plans, please use our legal name and federal tax ID.

Legal Name: University of Kentucky
Address: Sturgill Philanthropy Building, Lexington, KY 40506-0015
Federal Tax ID Number: Please contact us for our federal tax ID number.