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Commercial Annuities

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, Bryant University 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.

  1. Contact Ed Magro at 401-232-6528 or emagro@bryant.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Bryant University in your plans, please use our legal name and federal tax ID.

Legal Name: Bryant University
Address: 1150 Douglas Pike, Smithfield, RI 02917
Federal Tax ID Number: Please contact us for our federal tax ID number.