Serving the Philanthropic Community Since 1927

Suggested Maximum Gift Annuity Rates, Quality Training Opportunties, and Consumer Protection Advocacy

fb li tw

 

Resources

North Carolina

Degree of Regulation

Issuance of charitable gift annuities is regulated under General Statutes of North Carolina Section 58-3-6.

In order to issue gift annuities in the state, a charity must meet the following regulatory requirements:

  • have been in continuous operation for at least three years (or be the successor or affiliate of an organization in operation for that period of time)
  • have at least $100,000 in unrestricted cash, cash equivalents or publicly traded securities, exclusive of the assets contributed by the donor for the annuity agreement.
  • provide notice to the Department of Insurance

Links to State Regulations Pages

Department of Insurance Contact

Cara Shackelford Senior Policy and Rate Analyst
Life & Health Division
North Carolina Department of Insurance
1201 Mail Services Center
Raleigh, NC 27699-1201
(919) 807-6064

Login or Join to Read More ...