Pennsylvania Statutes Title 10 P.S. Charities and Welfare § 364. Previously issued annuities
Current as of January 01, 2022 | Updated by FindLaw Staff
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A charitable gift annuity issued prior to the effective date of this act shall be deemed to be a qualified charitable gift annuity if both of the following conditions are met:
(1) The charitable gift annuity qualified as a charitable contribution under the provisions of the Internal Revenue Code of 1986 (Public Law 99-514, 26 U.S.C. § 1 et seq.) governing charitable deductions at the time the charitable gift annuity was issued.
(2) The issuing organization was a qualified charity at the time the charitable gift annuity was issued or becomes a qualified charity within one year of the effective date of this act.
Cite this article: FindLaw.com - Pennsylvania Statutes Title 10 P.S. Charities and Welfare § 364. Previously issued annuities - last updated January 01, 2022 | https://codes.findlaw.com/pa/title-10-ps-charities-and-welfare/pa-st-sect-10-364.html
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