As of July 1, our gift annuity rates are increasing! For most gift annuities, the new rates are 0.4% to 0.6% higher than the rates they replace. To illustrate the increase, please see the following table.
Comparison of Current and New ACGA Rates
| Age(s) | Current Annuity | New Annuity Rate |
|---|---|---|
|
65 |
4.2% |
4.8% |
|
70 |
4.7% |
5.3% |
|
75 |
5.4% |
6.0% |
|
80 |
6.5% |
7.0% |
|
85 |
7.6% |
8.1% |
|
90+ |
8.6% |
9.1% |
Comparison of Current and New Payment Schedule
Assuming a gift of $10,000, the table below illustrates the increase in annual payments.
| Age(s) | Current Annual Payment | New Annual Payment |
|---|---|---|
|
65 |
$420 |
$480 |
|
70 |
$470 |
$530 |
|
75 |
$540 |
$600 |
|
80 |
$650 |
$700 |
|
85 |
$760 |
$810 |
|
90+ |
$860 |
$910 |
That's quite an increase!
For those who itemize charitable gifts on their tax return, due to an increase in the IRS interest rate, charitable gift deductions are also presently higher.
The combination of higher annuity rates and higher deductions makes gift annuities more attractive than they have been in a long time. We encourage you to take a moment now to call Ann in our Planned Giving office at 1-888-526-8100 to request a no-obligation illustration tailored to your specific needs.