North Carolina Charitable Gift Annuity Registration

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Filling out a form on donation property

Charities are required to meet prerequisites and follow regulations before using charitable annuities for fundraising. This guide contains information about charitable gift annuities in North Carolina.

North Carolina Charitable Gift Annuity Registration

Agency:North Carolina Department of Insurance
Law:

NC Stat. § 58-3-6

Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$100,000

Initial Registration

Form:

Charitable Gift Annuities Notification Form

Agency Fee:

$0

Notes:

North Carolina charities must provide notice within 90 days of when they first enter into a charitable gift annuity agreement. Notices must identify the organization, certify that the organization is a charity and that the annuities issued are qualified charitable gift annuities, and be signed by an officer or director. Charities must also provide their most recent IRS form 990 upon request from the department.

Registration Renewal

Not required



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