charitable gift annuity

(5) Charitable gift annuity For purposes of paragraph (3)(E), the term “charitable gift annuity” means an annuity if— (A) a portion of the amount paid in connection with the issuance of the annuity is allowable as a deduction under section 170 or 2055, and (B) the annuity is described in section 514(c)(5) (determined as if any amount paid in cash in connection with such issuance were property).

Source

26 USC § 501(m)(5)

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Scoping language

None identified, default scope is assumed to be the parent (part I) of this section.

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