American Council on Gift Annuities

“Jack friday, llc, provides administrative services to acga. Jack friday works under the supervision of acga. Financial items are approved before payment, jack friday works hand in hand with the acga board to accomplish their mission and plan the logistical aspect of their conferences & board meetings. The council has no employees. During the year ended june 30, 2025, the council paid jack friday $115,935 for business management service.”

“The organization has 458 members who pay annual dues. Members do not have voting rights nor do they receive substantial financial benefits.”

“Prior to the filing of the acga tax return (form 990), the tax return is sent to all board members with a copy of the year-end p&l statement for review and comment. The information is sent to all board members via email allowing 10 business days for board members to respond with any comments.”

“Acga requires board members to sign a conflict of interest policy on an annual basis. Signed forms are kept on file at the acga management office.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“Activities: one of the primary activities of the council is the publication of suggested charitable gift annuity rates for use by charities and their donors. The council retains the services of an actuarial firm to advise and consult on matters pertaining to life expectancies and related matters. The council has a long and distinguished record in this area, and its suggested rates have long been recognized, not only by charities and donors, but also by state insurance departments and the irs as being actuarially sound and in the best interests of all parties involved. See our individual state regulations and gift annuity rates webpages. Www.acga-web.org. Acga offers an educational conference every two years, for planned giving, development and administrative staff of charitable non-profits and related professions.”

“There have been no changes to the procedures for auditor selection nor oversight of the audit process. Acga utilized the services of the same auditors as in the previous year.”