ACGA Issues New Suggested Gift Annuity Rates

ACGA Issues New Suggested Gift Annuity Rates

News story posted in Charitable Gift Annuity on 3 May 2010| 3 comments
audience: National Publication | last updated: 18 May 2011
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Summary

The American Council on Gift Annuities board of directors held its semi-annual meeting on April 28, 2010. At the meeting the Rates Committee recommended a new schedule of gift annuity rates effective July 1, 2010.

Full Text:

The American Council on Gift Annuities board of directors held its semi-annual meeting on April 28, 2010. At the meeting the Rates Committee recommended a new schedule of gift annuity rates effective July 1, 2010, and the Board approved that schedule.  A full report of the Rates Committee’s work over the last two years was made at the 29th Conference on Gift Annuities in New Orleans at the Thursday luncheon.  The new schedule of maximum suggested rates reflects slightly higher rates up through age 81, with all rates qualifying at a CFMR of 3.2% or higher. The new rate recommendations are effective July 1, 2010. 

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7520 Rates:  Aug 1.2% Jul 1.2.% Jun 1.2.%

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