Iowa 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 Iowa.

Iowa Charitable Gift Annuity Registration

Agency:Iowa Insurance Division
Law:

IA Code Title 13 § 508F

Foreign Qualification is Prerequisite:Not Set
Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$300,000

Exam Required?Not Set
Registered Agent (Special Agency) Required?Not Set

Initial Registration

Notes:

Iowa 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, include an IRS letter of determination, and be signed by an officer or director.

Renewal Not Required

Not required



Revised June 13, 2021. Complete data last reviewed December 04, 2017.
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