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Arizona

Degree of Regulation

Issuance of charitable gift annuities is regulated under Arizona Revised Statutes Section 20-103 and Arizona Revised Statutes Section 20-119.

  • Years of operation - three years continuous operation (or successor or affiliate of organization in operation for that time period)
  • Minimum assets - $300,000 in unrestricted cash, cash equivalents or publicly traded securities (excludes CGA funding assets)
  • Audited financial statements - for the two years prior to entering into CGA agreement
  • Commissions not permitted - no compensation to anyone contingent on the donation or amount of the gift annuity (excludes regular compensation paid by the charity to its employees).

Links to State Regulations Pages

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