Approved by the American Council on Gift Annuities on May 12, 2003
Effective July 1, 2003 - June 30, 2004
Approved by the American Council on Gift Annuities on May 5, 2004
Effective July 1, 2004 - June 30, 2005
Approved by the American Council on Gift Annuities on April 18, 2005
Effective July 1, 2005 through June 30, 2006
Approved by the American Council on Gift Annuities on April 5, 2006
Effective July 1, 2006 through June 30, 2007
Approved by the American Council on Gift Annuities on April 2, 2007
Effective July 1, 2007 through June 30, 2008
ACGA Votes No Change in Recommended Schedule of Rates
The board of the American Council on Gift Annuities met on April 18, 2005 for a semi-annual meeting. At that meeting the board voted unanimously to make no changes to its recommended schedule of gift annuity rates. The current schedule will remain in effect from July 1, 2005 through June 30, 2006 unless economic events warrant an interim review of the schedule.
The underlying assumptions in calculating the schedule of rates remain as follows:
50% residuum
1% annual expense load
Annuity 2000 mortality tables assuming female with a 1 ½ year setback
6% expected return
For deferred payment gift annuities, the compounding rate remains at 5% for all deferral periods.
Note - July 1, 2003, July 1, 2004, July 1, 2005, July 1, 2006 & July 1, 2007 - Immediate gift annuity rates are the same.
Please check the Comments page for further information about deferred payment gift annuities.
