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
(Note - July 1, 2003, July 1, 2004, July 1, 2005, July 1, 2006 & July 1, 2007rates are the same,
the 'Comments' page is the only page where there is a difference.)
To print a Word Document of the rates, click here.
To print a PDF version of the rates, click here.
SINGLE LIFE
Age
Rate
Age
Rate
0-1
3.7%
55
5.5%
2-5
3.8
56
5.6
6-12
3.9
57
5.6
13-19
4.0
58
5.7
20
4.0
59
5.7
21
4.1
60
5.7
22
4.1
61
5.8
23
4.1
62
5.9
24
4.1
63
5.9
25
4.1
64
6.0
26
4.2
65
6.0
27
4.2
66
6.1
28
4.2
67
6.2
29
4.3
68
6.3
30
4.3
69
6.4
31
4.3
70
6.5
32
4.4
71
6.6
33
4.4
72
6.7
34
4.4
73
6.8
35
4.5
74
6.9
36
4.5
75
7.1
37
4.6
76
7.2
38
4.6
77
7.4
39
4.7
78
7.6
40
4.7
79
7.8
41
4.8
80
8.0
42
4.8
81
8.3
43
4.9
82
8.5
44
5.0
83
8.8
45
5.0
84
9.2
46
5.1
85
9.5
47
5.2
86
9.9
48
5.2
87
10.2
49
5.3
88
10.6
50
5.3
89
11.0
51
5.4
90 and over
11.3
52
5.4
53
5.5
54
5.5
WARNING: These annuity rates, for both immediate and deferred annuities and for both single life and two lives, should not be used if the gift portion, based on IRS tables and the applicable discount rate, is not more than 10% of the amount paid for the annuity.
NOTES:
1. The rates are for ages at the nearest birthday.
2. For immediate gift annuities, these rates will result in a charitable deduction of more than 10% if the CMFR is 4.0% or higher, whatever the payment frequency. If the CMFR is less than 4.0%, the deduction will be less than 10% when annuitants are below certain ages.
3. For deferred gift annuities with longer deferral periods, the rates may not pass the 10% test when the CMFR is low.
4. To avoid adverse tax consequences, the charity should reduce the gift annuity rate to whatever level is necessary to generate a charitable deduction in excess of 10%.
