Washington 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 Washington.

Washington Charitable Gift Annuity Registration

Agency:Washington Office of the Insurance Commissioner
Law:

RCW § 48.38.010 through RCW § 48.38.075 and WAC § 284-38

Foreign Qualification is Prerequisite:Not Set
Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$500,000

Audit Requirements:

Audited financial statements are required within 9 months after the organization's fiscal year end.

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

Initial Registration

Form:

Charitable Gift Annuity Application Packet

Agency Fee:

$25

Notarize:Required
Notes:

Approved organization must establish a separate reserve fund that follows the standards of RCW § 48.74.030.

Registration Renewal

Filing Method:

Online

Agency Fee:

$25 + $5 per annuity issued during the previous calendar year.

Due:

Annually within 60 days of the organization's fiscal year end.

Notes:

In addition to filing the annual report, charities must also submit a public inspection copy of their IRS form 990 within 15 days of its filing with the IRS.

Revised September 04, 2021. Complete data last reviewed December 04, 2017.
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