Below is an outline of our Charitable Gift Annuity Administration:
Administrative Procedure Review for Best Practices
- Meet with development staff to establish goals, objectives and administrative strategies.
- Track state annuity requirements and assist client in ensuring that new and existing contracts are compliant.
- Assist in the development of state specific annuity contracts and other relevant documentation, including appropriate administrative forms.
- Provide assistance with state registration and filing requirements.
- Support your staff by responding to tax and legal inquiries.
- Advise marketing material development to target educated donors.
- Respond to donor inquiries if requested and provide illustrative calculations for possible gift scenarios.
Comprehensive Regulation and Tax Services
- Establish CGA administrative pools for efficient monitoring and payment management.
- Maintain complete, accurate and confidential records for donors and other annuitants.
- Complete all CGA administration reports.
- FASB 116 and 117
- Liability Reporting
- Calculation of reserve requirement
- Gifting and administrative summaries of CGA contracts and annuity payments.
- Create IRS Form 1099R for each annuitant
- Prepare an administrative summary of all forms issued.
- Detail ratable share accounting for gift annuity investment pool
- Provide periodic reserve and trust accounting reports.
Technical Advisement and Consultation
- Provide advisory services on planned gifts including:
- Calculations
- Illustrations
- Consultation based on donor-specific information
- Evaluate existing procedures and develop appropriate gift acceptance policies
- Identify state registration and reporting requirements for CGA’s.
- Present samples of CGA agreements
- Serve as external consulting support to the development staff
Customized Services
- Annuity payments delivered by check or ACH
- Checks delivered two days in advance of contract date
- Checks can be customized
- Bulk delivery of checks or individual mailings using nonprofit’s stationary
Fee Schedule
- Set-Up Fee – $50 per Gift Annuity
Annual Administration
No. of CGA | Annual Fee |
---|---|
1- 5 | $1,000 |
6-10 | $1,500 |
11-25 | $2,000 |
26-50 | $2,500 |
51-75 | $3,000 |
76-100 | $3,500 |
100+ | Call for Pricing |
For questions or to discuss the next steps to develop your nonprofit, contact Brad Kadelski at:
brad@brookfieldpartners.com