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 State law provides for "Conditional Exemption" from regulation of charitable gift annuities.
Disclosure required in agreement.
Notification to state required.
100k in available unrestricted assets required.
Provision for fine of $1,000 per agreement for non-compliance.
Charity must be in continuous operation for three years.
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Click here to see the Master Set of 6 Gift Annuity Agreements (offered by Planned Giving Resources, Inc.) that will work in all 50 states (with the addition of the "Extra Wording" state specific "disclosure language" that is now required by 30 states.)
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