Commercial Annuities

A Smart Way to Leave a Gift to Our Lady of the Lake University

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, Our Lady of the Lake University 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.

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Next Steps

  1. Contact Georgina Benitez Schmahl at 210-431-3955 or gschmahl@ollusa.edu for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include OLLU in your plans, please use our legal name and federal tax ID.

Legal name: Our Lady of the Lake University of San Antonio, Texas
Address: 411 SW 24th Street, San Antonio, TX 78207
Federal tax ID number: Please contact us for our federal tax ID number.

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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