Commercial Annuities

A Smart Gift to Leave to Legacy Health

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, Legacy Health 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 doesn’t survive you.

Next Steps

  1. Contact Joshua Goldstein, MBA (he/him) at 503.413.3501 or jigoldst@lhs.org for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Legacy Health in your plans, please use our legal name and federal tax ID.

Legal Name: Legacy Health
Address: P.O. Box 4484, Portland, OR 97208
Federal Tax ID Number: CARES Northwest 93-1314469Good Samaritan Foundation 23-7017276Legacy Emanuel Medical Center 46-5562403 Legacy Health Foundation 46-5562403Legacy Meridian Park Medical Center 46-5562403Legacy Mount Hood Medical Center 46-5562403Randall Children's Hospital Foundation 93-1314469Salmon Creek Hospital Foundation 83-0433165Silverton Health Foundation 93-00913392Unity Center for Behavioral Health 46-5562403