Rate Effective July 1, 2008 to January 31, 2009
Approved by the American Council on Gift Annuities on April 2, 2008
Suggested Charitable Gift Annuity Rates
SINGLE LIFE
Age |
Rate |
Age |
Rate |
|
0-5 |
3.3% |
|
66 |
5.8% |
6-11 |
3.4 |
|
67 |
5.9 |
12-17 |
3.5 |
|
68 |
6.0 |
18-21 |
3.6 |
|
69 |
6.0 |
22-25 |
3.7 |
|
70 |
6.1 |
26-28 |
3.8 |
|
71 |
6.2 |
29-31 |
3.9 |
|
72 |
6.3 |
32-34 |
4.0 |
|
73 |
6.5 |
35-36 |
4.1 |
|
74 |
6.6 |
37-38 |
4.2 |
|
75 |
6.7 |
39-40 |
4.3 |
|
76 |
6.9 |
41 |
4.4 |
|
77 |
7.0 |
42-43 |
4.5 |
|
78 |
7.2 |
44 |
4.6 |
|
79 |
7.4 |
45-46 |
4.7 |
|
80 |
7.6 |
47 |
4.8 |
|
81 |
7.8 |
48 |
4.9 |
|
82 |
8.0 |
49 |
5.0 |
|
83 |
8.3 |
50 |
5.1 |
|
84 |
8.6 |
51-54 |
5.2 |
|
85 |
8.9 |
55-56 |
5.3 |
|
86 |
9.2 |
57-59 |
5.4 |
|
87 |
9.5 |
60 |
5.5 |
|
88 |
9.8 |
61 |
5.5 |
|
89 |
10.1 |
62 |
5.6 |
|
90 and over |
10.5 |
63 |
5.6 |
|
||
64 |
5.7 |
|
||
65 |
5.7 |
|
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 3.4% or higher, whatever the payment frequency. If the CMFR is less than 3.4%, 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. 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%.
