While every effort is made to provide accurate data, neither any persons named in these pages nor the American Council on Gift Annuities guarantees the accuracy of the data presented here.
The user of this information is solely responsible for determining and verifying the accuracy of the data presented here and how it is used by the reader. This information is provided solely as a resource.
This information is supplied by the ACGA State Regulations Committee.
Regulation of Charitable Gift Annuities
Degree of Regulation:
Under Section 304.1-120 of the Kentucky Revised Statutes, charitable gift annuities are exempt from insurance regulation. State law grants a “blanket exemption” from regulation of charitable gift annuities.
- Organization exempt from federal income tax and file a Form 990 (unless a Sec. 501(c)(3) religious organization)
- Or a publicly owned or nonprofit privately endowed educational institution approved or licensed by the Kentucky Board of Education, the Southern Association of Colleges and Schools or the equivalent
Actions Required for Exemption:
A charity that meets the above mentioned requirements is authorized to issue charitable gift annuities.
Disclosure and Agreement Content Requirements:
Links to State Regulations Pages: