Maryland Charitable Gift Annuity Registration

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Filling out a form on donation property

Charities are required to meet prerequisites and follow regulations before using charitable annuities for fundraising. This guide contains information about charitable gift annuities in Maryland.

Maryland Charitable Gift Annuity Registration

Agency:Maryland Insurance Administration

MD Ins. Code § 16-114

Organization Age Requirement:

10 years of continuous existence immediately preceeding licensure.

Disclosure Details:

Charities issuing charitable gift annuities must disclose that: "Payments made under charitable gift annuities are backed solely by the full faith and credit of the issuing organization. Payments under charitable gift annuities are not insured or otherwise guaranteed by any government entity.".

Audit Requirements:

Audited financial statements are required with the annual permit renewal.

Initial Registration

Agency fee:



Maryland requires charities to apply for a permit to receive exemption from state insurance laws. There is no form, but the charity should submit proof that it meets the requirements for exemption. To qualify organizations must have been in existence as a 501(c)(3) for at least 10 years and must maintain a separate fund reserve fund for annuity funds.

Registration Renewal

Agency fee:



Annually within 90 days of the charity's fiscal year end.


There is no renewal form, but charities should submit the required statements and audit to renew their permit.

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