fiduciary duty that an investment adviser owes to his clients.â. 13 Section 206 is, after all, an anti-fraud provision and the SEC has on occasion defined as âfraudulentâ under Section 206. conduct that would not seem to be recognized as âfraudâ at common law.
What is a gift annuity agreement? A gift annuity agreement is a lifelong contract, not a trust, between a single nonprofit organization and an individual or couple, who are referred to as annuitant(s). The terms of this agreement will lock in the rate, amount and timing of all payments the annuitant(s) receive.
Charitable Gift Annuities for Donors. Charitable gift annuities offer many benefits for donors: Donors can support a philanthropic cause while also receiving a financial benefit in return; There are several tax advantages, including tax credits for charitable donations, which results in a lower income tax the year the donation was made