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Gift Annuities

The American Council on Gift Annuities (ACGA) board of directors held its semi-annual meeting on November 7, 2011. Given the significant changes in the economic environment, the board approved a new schedule of suggested maximum gift annuity rates which will become effective January 1, 2012.  At ages older than 60, when the majority of gift annuities are issued, one-life rates will decline by 0.5% to 0.8%.

Single Life Rates

Two Life Rates

Age

Rate

Age (younger person)

Rate

60

4.4

60

4.1-4.2

65

4.7

65

4.2-4.5

70

5.1

70

4.6-4.9

75

5.8

75

5.0-5.6

80

6.8

80

5.7-6.6

85

7.8

85

6.7-7.6

90+

9.0

90

8.2-8.8



A charitable gift annuity is an irrevocable gift that provides you (or someone you name) as recipient of a fixed income.  You receive a stable, set amount every year for as long as you live.  The annual payment is based on your age and when the payments are set to start.  At the end of your life, Austin Presbyterian Theological Seminary receives any remaining funds.

 




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