Instead they were selling gift annuities with false promises as a way to enrich themselves. In those cases, we didn’t have a normal operating charity.”If anything, reputable nonprofits treat charitable gift annuities too cautiously. School Reopenings › Back to School Updated Sept. 4, 2020 The latest on how schools are reopening amid the pandemic. There have been at least 51,000 coronavirus cases at more than 1,000 American college campuses since the pandemic began, the latest New York Times’s survey shows. For many organizations, the gift annuities are treated like bequests that are locked in.

Source: New York Times September 04, 2020 12:56 UTC