Commercial Annuities

A Smart Way to Leave a Gift to Boston Children's Hospital

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 like Boston Children's. Due to our tax-exempt status, Boston Children's Hospital can receive your commercial annuity completely tax-free. The best way to give a commercial annuity to help sick children 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.

Next Steps

  1. Contact the Office of Planned Giving at (857) 218-3197 or for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Boston Children's in your plans, please contact us for our full legal name and tax ID number.

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