Suggested CGA Rates Remain Unchanged as of April 2015

FOR IMMEDIATE RELEASE
April 17, 2015

At its semiannual meeting on April 13, 2015, the Board of Directors of the American Council on Gift Annuities (ACGA) reaffirmed the existing schedule of suggested maximum rates for charitable gift annuities which was originally published on January 1, 2012. As part of its ongoing review process, the Rates Committee of the ACGA monitors interest rates that underlie the investment return assumptions used to create the rate schedules. The Committee also recently completed a study with its consulting actuaries, The Hay Group, to update its gift annuitant mortality assumptions in terms of the recently issued 2012 Individual Annuity Reserving (2012 IAR) Mortality Table. The Committee plans to reissue its Rates Paper to reflect the updated mortality assumptions later this spring. For more detailed information about our suggested gift annuity rates, please visit the gift annuity rates section of our website.

David Libengood
ACGA Rates Committee