December 17, 1998

2 Fund-Raising Groups Denounce Commission Payments to Gift-Annuity Advisers

By HOLLY HALL

Two influential fund-raising groups have joined forces to discourage a national charity from paying commissions to financial advisers who help donors set up charitable gift annuities. The organizations say the practice is unethical -- and could lead state and federal regulators to impose new rules on charities that offer gift annuities.

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