Commercial Annuities

A Smart Way to Leave a Gift to KRCC

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, KRCC 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.

Next Steps

  1. Seek the advice of your financial or legal advisor.
  2. Contact Joann Wooley at 800-722-4449, Ext. 4312 or jwooley@krcc.org for additional information on commercial annuities.
  3. If you include KRCC in your plans, please use our legal name and federal tax ID.

Legal name: Public Radio for Colorado DBA KRCC
Address: 720 North Tejon Street, Colorado Springs, CO 80903
Federal tax ID number: 74-2324052

Our Top Free Resource

Personal Estate Planning Kit

This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

Download My Kit