by James Brandt, Planned Giving Specialist, Integrated Marketing Department
On April 28, 2010, the board of directors of the American Council on Gift Annuities approved a new schedule of gift annuity rates that will take effect on July 1, 2010. Both one-life and two-life rates for individuals between the ages of 55 and 85 will be generally 0.1 – 0.2 percent higher.
Immediate-payment gift annuities using the new rates will qualify for a charitable deduction when the federal discount rate is 3.2 percent or higher.
Although the new rates are only slightly higher, it is the first rate increase since 1997. This is a great opportunity to send out a planned giving postcard to individuals who are currently considering a gift annuity, as well as those who may have created an annuity in the past thirteen years, to illustrate the opportunities provided by the new higher rates.
1 comment
ver well said...some of the updated news is here...
The American Council on Gift Annuities board of directors held its semi-annual meeting on April 28, 2010. At the meeting the Rates Committee recommended a new schedule of gift annuity rates effective July 1, 2010, and the Board approved that schedule. A full report of the Rates Committee’s work over the last two years was made at the 29th Conference on Gift Annuities in New Orleans at the Thursday luncheon.
Lump Sum Annuity
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