A Smart Gift to Leave to MANNA FoodBank

We Can Receive Your Commercial Annuity Tax-Free

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, MANNA FoodBank 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 Chad Conaty at 828 774-5910 or 828 299-3663 ext 1243 or cconaty@mannafoodbank.org for additional information on commercial annuities.
  2. Seek the advice of your financial or legal advisor.
  3. If you include MANNA in your plans, please use our legal name and federal tax ID.
  4. Please let us know of your intent so we can recognize you in our Future Plate Circle of Friends.

Legal Name: MANNA FoodBank, Inc.
Address: 627 Swannanoa River Road Asheville, NC 28805
Federal Tax ID Number: 58-1514800

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