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Pennsylvania

Degree of Regulation

Issuance of charitable gift annuities is regulated under Pennsylvania Statutes, Title 10, Sections 361-364.

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

  • have been in operation for at least three years (or be the successor or affiliate of an organization in operation for that period of time)
  • have unrestricted assets of at least $100,000
  • maintain gift annuity reserves
  • be registered for charitable solicitation with the Pennsylvania Department of State (unless exempt from such registration; see paragraph 6, option 3 in the disclosure language below)

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