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The Terry L. Simmons Philanthropic Endowment Fund will provide scholarships to worthy individuals who would otherwise be unable to attend the Conference on Gift Annuities.

 

Nebraska

Regulation of Charitable Gift Annuities

Degree of Regulation:

Issuance of charitable gift annuities is regulated under Nebraska’s Charitable Gift Annuity Act, Revised Statutes of Nebraska, Sections 59-1801 to 59-1803.

In order to issue gift annuities in the state, a charity must meet the following regulatory requirement:

  • have been in continuous operation for at least three years.

Actions Required for Exemption:

No filing with a state agency is required.

Disclosure and Agreement Content Requirements:

Generally none.  However, in order for a Nebraska resident to qualify for a tax credit for a deferred annuity with a Nebraska charity, the agreement must state that the annuitant’s interest in the annuity cannot be assigned to the charity sooner than 5 years after the contribution has been made (except upon the death of the annuitant). 

Reserve Requirements:

None

Annual Reporting:

None

Compliance/Enforcement:

None specifically stated

Links to State Regulations Pages:

Nebraska Statutes Secs. 59-1801 through 59-1803

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