Member Tiers

The CCAA has three tiers of membership:
Tier I are members who currently offer and promote the Charitable Gift Annuity as part of their ongoing fund raising. At least every three years they submit their contracts and their investments to scrutiny by an actuarial firm which expresses a professional opinion on the ability of the charity to meet all its commitments to annuitants for all their lifetimes. Those who have deficiencies have 3 months to remedy their deficiency to remain in good standing with the CCAA.

Tier II are members who adhere to the annual standards review by CCAA, but do not provide a tri-annual actuarial report. They instead rely on their reputation, assets, financial statements, claims, etc to satisfy individuals who contemplate the purchase of a charitable gift annuity.

Tier III are members affiliated with or have an agreement with a Tier I or Tier II charity which takes responsibility for the annuitant contracts, payments, tax reporting, etc. They do not themselves issue or manage gift annuity contracts.