New Jersey 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 New Jersey.

New Jersey Charitable Gift Annuity Registration

Agency:New Jersey Department of Banking and Insurance - Division of Insurance
Law:

NJ Rev. Stat. § 17B:17-13.1

Audit Requirements: ACCESS PREMIUM DATA

Initial Registration

Form: ACCESS PREMIUM DATA
Agency Fee:

$100

Notarize: ACCESS PREMIUM DATA
Notes:

Proof of entity registration and charitable registration are required with the application. Charities must maintain a segregated reserve fund that covers the current value of all outstanding annuity payments plus the greater of $100,000 or 10% of the reserve fund.

Registration Renewal

Form: ACCESS PREMIUM DATA
Agency Fee:

$0

Due: ACCESS PREMIUM DATA
Notes:

An annual statement should be filed even if the organization did not issue annuities.

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