Maryland Charitable Gift Annuity Registration
Charities are required to meet prerequisites and follow regulations before using charitable annuities for fundraising. This guide contains information about charitable gift annuities in Maryland.
Maryland Charitable Gift Annuity Registration
Initial Registration
| Agency Fee: | $0 |
| Notes: | Maryland requires charities to apply for a permit to receive exemption from state insurance laws. There is no form, but the charity should submit proof that it meets the requirements for exemption. To qualify organizations must have been in existence as a 501(c)(3) for at least 10 years and must maintain a separate fund reserve fund for annuity funds. |
Registration Renewal
| Agency Fee: | $0 |
| Due: | Annually within 90 days of the charity's fiscal year end. |
| Notes: | There is no renewal form, but charities should submit the required statements and audit to renew their permit. |
