Contact
Gina Bovee, development director
616.454.1751 x113
Charitable Gift Annuity Rates Increase
published July 20th, 2010
If you’re looking for secure, stable income that provides a higher than average rate of return, now may be the time to consider a charitable gift annuity. On July 1, gift annuity rates increased for single-life annuitants through age 81 and two-life annuity rates at many ages.
Charitable gift annuities allow you to:
- Receive fixed payments for life regardless of market fluctuations—a portion of which may be tax free
- Gain an income tax deduction for 2010
- Help fund the causes you care about most, while turning a low performing asset into a reliable income stream for life
Here’s a look at the updated charitable gift annuity rates from the American Council on Gift Annuities:
Based on Single Life
|
Age |
Rate |
|
55 |
5.0 |
|
65 |
5.5 |
|
70 |
5.8 |
|
75 |
6.4 |
|
80 |
7.2 |
|
85 |
8.1 |
|
90 |
9.5 |
To learn more about gift annuities and to access a tool that will provide you a personalized illustration, please click here.
You may also contact Gina Bovee, development director at 616.454.1751 x113 or gbovee@grfoundation.org with any questions about this giving tool.