Planned Giving

Make A Cash Gift Today

How Can We Help You?

Jennifer Destefani
Vice President of Institutional Advancement
Office of Institutional Advancement
Phone: 860-832-1767
Fax: 860-832-1768
Email: jdestefani@ccsu.edu

Disclaimer

The information contained herein was accurate at the time of publication. It is provided for informational purposes only and does not constitute legal or tax advice. Individuals seeking such advice should consult with a licensed attorney or qualified tax advisor. Any figures presented are intended solely for illustrative purposes. References to tax rates pertain exclusively to federal taxes and are subject to change. Please note that state laws may also influence individual outcomes.

Commercial Annuities

A Wise Way to Support Central Connecticut State University

We Can Accept Your Commercial Annuity Without Tax Penalties

Similar to retirement accounts, commercial annuities grow tax-deferred during the owner’s lifetime. However, any distributions are subject to income tax, making them one of the most tax-efficient assets to leave to a nonprofit. Because Central Connecticut State University is tax-exempt, we can receive the full value of your commercial annuity without any tax obligations. 

One of the most effective ways to contribute to your annuity after your lifetime is to name Central Connecticut State University as a beneficiary.

This process is straightforward: just update your beneficiary designation through your bank or insurance provider. You can list us as the primary beneficiary for a specific amount or percentage. Alternatively, you can name us as a contingent beneficiary, allowing us to receive the remaining funds only if your primary beneficiary is no longer living.