Commercial annuities

A smart way to leave a gift to AFSC

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, AFSC 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.

An example of how it works

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Next steps

  1. Contact Alyssa Chatten at 888-588-2372 or GiftPlanning@afsc.org for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include AFSC in your plans, please use our legal name and federal tax ID.

Legal name: American Friends Service Committee
Address: 1501 Cherry Street, Philadelphia, PA 19102
Federal tax ID number: 23-1352010

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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