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State Agent Information

 

Simmons Endowment Fund

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The Terry L. Simmons Philanthropic Endowment Fund will provide scholarships to worthy individuals who would otherwise be unable to attend the Conference on Gift Annuities.

 

Minnesota

Regulation of Charitable Gift Annuities

Degree of Regulation:

Issuance of charitable gift annuities is regulated under Minnesota Securities Statute 80A.45 Section 201(7).

  • Not for profit, operated exclusively for religious, educational, etc. purpose

Actions Required for Exemption:

Filing with the state is not longer required.

Disclosure and Agreement Content Requirements:

None

Reserve Requirements:

None

Annual Reporting:

None

Compliance/Enforcement:

None

Links to State Regulations Pages:

Minnesota Securities Statute 80A.45 Section 201(7).

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