Washington Charitable Gift Annuity Registration

View Guide Contents
Fundraising Compliance Guide
IntroductionOnline FundraisingUnified Registration Statement (URS)Charitable DisclosuresCharitable Registration Audit RequirementsFundraising With ProfessionalsProfessional Fundraiser DisclosuresCommercial Co-Ventures and Cause Marketing Charitable Registered Agent Closing Licenses vs. Letting Them Lapse
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 Washington.

Washington Charitable Gift Annuity Registration

Agency:Washington Office of the Insurance Commissioner
Law:

RCW § 48.38.010 through RCW § 48.38.075 and WAC § 284-38

Organization Age Requirement:

3 years of continuous existence immediately preceeding licensure.

Minimum Unrestricted Cash or Cash Equivalent Requirement:

$500,000

Audit Requirements:

Audited financial statements are required within 9 months after the organization's fiscal year end.

Initial Registration

Form:

Charitable Gift Annuity Application Packet

Agency Fee:

$25

Notarization Required?:Required
Notes:

Approved organization must establish a separate reserve fund that follows the standards of RCW § 48.74.030.

Registration Renewal

Filing Method:

Online

Agency Fee:

$25 + $5 per annuity issued during the previous calendar year.

Due:

Annually within 60 days of the organization's fiscal year end.

Notes:

In addition to filing the annual report, charities must also submit a public inspection copy of their IRS form 990 within 15 days of its filing with the IRS.

Revised September 04, 2021. Complete data last reviewed December 04, 2017.
Are You Compliant?
Answer just a few questions and our software searches public databases to detect your status and gaps.
Sign Up for Emails
Better Business Bureau logo
Trustwave logo

© 2012 - 2024 Harbor Compliance. All rights reserved.

Harbor Compliance does not provide tax, financial, or legal advice. Use of our services does not create an attorney-client relationship. Harbor Compliance is not acting as your attorney and does not review information you provide to us for legal accuracy or sufficiency. Access to our website is subject to our Terms of Use and Service Agreement.

Terms of Service Privacy Policy Secure Shopping