WTS and Charitable Annuity Companies

by MacHislopp 4 Replies latest jw friends

• 

  MacHislopp

  Hello, it is me again.

  I have a question: what does it means under the USA laws to
  be registered as: Charitable Annuity Companies?
  (see partial list below).

  New York StateInsurance DepartmentDirectory of Regulated Companies As of04/21/00 CHARITABLE ANNUITY COMPANIES
  QUICK SEARCH - SELECT "EDIT" AT TOP, CHOOSE "FIND" AND TYPE FIRST WORD OF COMPANY NAME. IF UNSUCCESSFUL, CHOOSE LETTER AND SCROLL THROUGH COMPANIES.
  COMPANY NAME NAIC# DOMICILE MAIL ADDRESS AUTHORIZEDIN NEW YORK
  Watchtower Bible & Tract Society of New York, Inc. N3893 NY 25 Columbia HeightsBrooklyn, NY11201-2483 Jan. 23, 1998

  Wells College N9317 NY Aurora, NY13026 Mar. 20, 1972
  Wildlife Conservation Society N4051 NY 185 Street And Southern Blvd.Bronx, NY10460 Dec. 17, 1998

  Women's American ORT, Inc. N3477 NY 315 Park Avenue SouthNew York, NY10010 Mar. 14, 1997

  Women's Division of the General Board of Global Ministries of the United Methodist Church N9360 NY 475 Riverside Drive, Room 1441New York, NY10115 Jan. 16, 1946

  Word of Life Fellowship, Inc. N4033 NY P.O. Box 600Schroon Lake, NY12870 Oct. 29, 1998

  World Division of the General Board of Global Ministries of the United Methodist Church N8400 NY 475 Riverside Dr, Rm 1441New York, NY10115 May 9, 1940

  World Wildlife Fund, Inc. N4093 DE 1250 24th Street NWWashington, DC20037-1175 Feb. 24, 1999

  * Any Alpha-Numeric code shown in this column is assigned by New York in the absence of an NAIC number.
  A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
  
  New York StateInsurance DepartmentDirectory of Regulated Companies As of04/21/00 CHARITABLE ANNUITY COMPANIES

  QUICK SEARCH - SELECT "EDIT" AT TOP, CHOOSE "FIND" AND TYPE FIRST WORD OF COMPANY NAME. IF UNSUCCESSFUL, CHOOSE LETTER AND SCROLL THROUGH COMPANIES.
  COMPANY NAME NAIC# DOMICILE MAIL ADDRESS AUTHORIZEDIN NEW YORK
  Xavier Society for the Blind N4262 NY 154 East 23rd StreetNew York, NY10010-4595 Nov. 5, 1999
  * Any Alpha-Numeric code shown is assigned by New York in the absence of an NAIC number.
  
  the annuity fund link:
  http://www.ins.state.ny.us/cdcha.htm

  Thanks for the answer, agape J.C.MacHislopp
• 

  stephenw20

  I asked the same question a week ago ..........
  let me know if you find anything

  TY
  S
• 

  MacHislopp

  Hello stephenw20,

  I do apologize for the "double question";
  I'll search for the "economic & companies " terminology and I'll
  hopefully, post the result.

  Agape, J.C.MacHislopp
• 

  stephenw20

  if you can believe this,

  I called our Brooklyn tower of power....what a group

  I asked them about the name change....it seems he
  doesnt know what I am even talking about...just said
  it was new corporation mumbo jumbo...

  this after a long putting me on hold......

  so then I asked the question.............about the
  charitable annuity program

  the guy said .what... I said you have a charitable
  annuity program..I want to know about it.......

  he says well I ll have to connect you with the
  treasury dept, so I go over there...now mind you all
  along I am being quite meek and mild...... so the
  treasury guy again almost has no idea and he says of
  the charitable thing..yes yes we have a separate
  department for that.....

  so I get to the dept.........I ask about it..of course
  the question comes.... WHO ARE YOU...isaid I am(get
  this) an "interested party".......

  so he said after some silences .yes we have one.... I
  said how long has it existed ..he say I dont
  know...........

  I sad well what's it for........ he asks do I know
  what an annuity is... i said yes.......

  he said well it is a TOOL (his favorite word) , not
  investment, a tool to donate a lump sum at one time
  irrevocably and then draw it out at a later
  date.........
  so then I said well who is it open to...he says
  EVERYONE......I asked how does one find out about this
  .....he said you have to ASK......we dont and I love
  this part "ADVERTISE" (JOe Rutherford just rolled
  over)

  .so by now I am getting a bit more STERN and I said let
  me get this straight....you haven an investment that
  your members dont even know about , you dont
  ad528_ise it .......how do they KNOW IT EXISTS!
  he said they just have to ask!.....

  I said you have 6 million members, print a magazine
  once a week and you cant put ti in there...
  well ...NO we cant.

  I said how bout the inner working documents, the
  kingdom ministry have you put it in there..he said no
  we dont........

  I said ya know I am abit upset by all this , My mother
  has been donating money to your firm for over 30
  years...and she knows nothing about this, do you think
  it is right...he said
  well we print it ONCE A YEAR>>>>>> in a watchtower
  under planning options .(Nov 1,200o pge31) THe witnesses can ask for a
  brochure that outline all the options........

  they can donate a sum , and draw on it till they die
  and when they do...the organization GETS THE REST!

  CHEERIO!
  there you go...mother org keeps the money!!!!!!

  I am getting a brochure sent to me
• 

  joelbear

  He is right. It is printed in the mags once a year usually around the time of the annual meeting if I am remembering right. There were 2 people in my old congregation who did it. They had to send in a request once a year for however much they wanted to take out of it. One of the sisters that did it lived in a tiny little trailer on another brother's property. She is still alive at 85 or so.

  hugs

  Joel