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 State law provides for "Conditional Exemption" from regulation of charitable gift annuities.
Notification to state required.
Disclosure required in agreement.
$100k available unrestricted assets required.
Charity must be in continuous operation for three years.
Provision for fine of from $1,000 to $10,000 for non-compliance, until charity complies.
New Oklahoma state law effective July 21, 1998.
This page was last updated October 25, 1998.
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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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