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Simmons Endowment Fund

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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.

 

South Carolina

Regulation of Charitable Gift Annuities

Degree of Regulation:

Issuance of charitable gift annuities is regulated under Section 38-5-20 of the Code of Laws of South Carolina

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

  • have been in active operation for at least five years

Actions Required for Exemption:

No filing with a state agency is required.

Disclosure and Agreement Content Requirements:

None

Reserve Requirements:

None

Annual Reporting:

None

Compliance/Enforcement:

None specifically stated.

Links to State Regulations Pages:

Code of Laws of South Carolina Sec. 38-5-20

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