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).
None specifically stated
Links to State Regulations Pages: