Registration states and a few others require annual filings. Typically, the filings will include a report on the charity’s reserve levels, reserve investments, data on active annuity contracts and other operational information. A charity using Crescendo Admin software is able to easily calculate gift annuity reserve levels and create data reports. Crescendo helps you put reserve calculations and other requirements together for annual filings.

In addition, a limited number of states require verification of a charity’s contractual annuity liabilities and/or reserve calculations by a qualified actuary. Crescendo can refer your organization to a qualified actuary for review and verification of these calculations upon request.

Crescendo’s in-house legal team is available for consultation throughout the annual filing process. Support is available five days a week to all GiftAnnuities 1·2·3 users and Admin software clients.

(N) = notification state (rather than a registration state)

* These states may require one or more verified opinions of the reserves from a qualified actuary and additional fees apply for this service. Please contact Crescendo for information.

** California also requires quarterly reports; fees are $60 for each new gift annuity issued during the quarter.