New York 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 York.

New York Charitable Gift Annuity Registration

Agency:New York Department of Financial Services
Law:

NY ISC § 1110

Organization Age Requirement:

10 years of continuous existence immediately preceeding licensure.

Initial Registration

Agency Fee:

$0

Notes:

In order to apply for a charitable gift annuity permit, a charity must have tax exempt status and adopt a board resolution pertaining to annuities and naming the segregated trust. The application process includes submitting proof of tax exemption, financial reports showing segregation of assets, and other documents. New York also offers exemptions from the permit requirement for charities whose reserve fund requirement is less than $1,000,000.

Fact Checked:12/4/17

Registration Renewal

Form:

There is no renewal form.

Agency Fee:

$0

Due:

Annually by March 1.

Fact Checked:12/4/17
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