During much of the period between the 1994 and 1999 surveys, the ACGA, in particular, but also charities in general, were preoccupied with the Ozee lawsuit that had been filed in a federal court in Texas. Those of us on the ACGA board were especially interested in determining what impact this litigation may have had on gift annuity programs. We also were quite interested in learning how charities were responding to new developments regarding the regulation of gift annuities. Finally, we were interested in trends regarding all aspects of gift annuities. All of these considerations prompted the update of the survey.
The report displays the data that was collected and offers interpretive comments and personal observations on charitable gift annuities.