Degree of Regulation
Issuance of charitable gift annuities is regulated under Vermont Statutes Title 9, Chapter 68, Sections 2517 to 2518.
In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:
- have been in continuous operation for three years (or be the successor or affiliate of an organization in operation for that period of time)
- have at least $300,000 in unrestricted cash, cash equivalents or publicly traded securities, in addition to the assets necessary to fund the charity's outstanding annuity obligations on the date it enters into a gift annuity agreement