Texas 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 Texas.

Texas Charitable Gift Annuity Registration

Agency:Texas Department of Insurance
Law:

TX Stat. Title 2 Subtitle B § 102.001 et seq.

Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$100,000

Disclosure Details:

Charities must disclose that "The charitable gift annuity is not insurance under the laws of this state; not subject to regulation by the department; and not protected by a guaranty association affiliated with the department.".

Initial Registration

Notes:

Texas charities must provide notice on the day they first enter into a charitable gift annuity agreement. Notices must identify the organization, certify that the organization is a charity and that the annuities issued are qualified charitable gift annuities, and be signed by an officer or director.

Registration Renewal

Not required



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