Rates Effective July 1, 2010
Approved by the American Council on Gift Annuities on April 28, 2010
Suggested Charitable Gift Annuity Rates
SINGLE LIFE
Age |
Rate |
Age |
Rate |
Age
|
Rate |
||
0-5 |
3.1 |
48-49 |
4.7 |
75 |
6.4 |
||
6-11 |
3.2 |
50 |
4.8 |
76 |
6.5 |
||
12-16 |
3.3 |
51-53 |
4.9 |
77 |
6.7 |
||
17-20 |
3.4 |
54-56 |
5.0 |
78 |
6.8 |
||
21-25 |
3.5 |
57-58 |
5.1 |
79 |
7.0 |
||
26-29 |
3.6 |
59-61 |
5.2 |
80 |
7.2 |
||
30-31 |
3.7 |
62-63 |
5.3 |
81 |
7.4 |
||
32-33 |
3.8 |
64 |
5.4 |
82 |
7.5 |
||
34-36 |
3.9 |
65-66 |
5.5 |
83 |
7.7 |
||
37-38 |
4.0 |
67 |
5.6 |
84 |
7.9 |
||
39-40 |
4.1 |
68 |
5.7 |
85 |
8.1 |
||
41 |
4.2 |
69-70 |
5.8 |
86 |
8.3 |
||
42-43 |
4.3 |
71 |
5.9 |
87 |
8.6 |
||
44-45 |
4.4 |
72 |
6.0 |
88 |
8.9 |
||
46 |
4.5 |
73 |
6.1 |
89 |
9.2 |
||
47 |
4.6 |
74 |
6.3 |
90 & over |
9.5 |
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 3.2% or higher, whatever the payment frequency. If the CMFR is less than 3.2%, 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%.
