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)