Rates Effective January 1, 2003 to June 30, 2003
Approved by the American Council on Gift Annuities October 16, 2002
Suggested Charitable Gift Annuity Rates
SINGLE LIFE
Age |
Rate |
|
Age |
Rate |
0-1 |
3.7% |
|
55 |
5.8% |
2-5 |
3.8 |
|
56 |
5.8 |
6-12 |
3.9 |
|
57 |
5.8 |
13-19 |
4.0 |
|
58 |
5.9 |
20 |
4.0 |
|
59 |
5.9 |
21 |
4.1 |
|
60 |
6.0 |
22 |
4.1 |
|
61 |
6.0 |
23 |
4.1 |
|
62 |
6.1 |
24 |
4.1 |
|
63 |
6.1 |
25 |
4.1 |
|
64 |
6.2 |
26 |
4.2 |
|
65 |
6.3 |
27 |
4.2 |
|
66 |
6.3 |
28 |
4.2 |
|
67 |
6.4 |
29 |
4.3 |
|
68 |
6.5 |
30 |
4.3 |
|
69 |
6.6 |
31 |
4.3 |
|
70 |
6.7 |
32 |
4.4 |
|
71 |
6.8 |
33 |
4.4 |
|
72 |
6.9 |
34 |
4.4 |
|
73 |
7.0 |
35 |
4.5 |
|
74 |
7.2 |
36 |
4.5 |
|
75 |
7.3 |
37 |
4.6 |
|
76 |
7.5 |
38 |
4.6 |
|
77 |
7.6 |
39 |
4.7 |
|
78 |
7.8 |
40 |
4.7 |
|
79 |
8.0 |
41 |
4.8 |
|
80 |
8.3 |
42 |
4.8 |
|
81 |
8.5 |
43 |
4.9 |
|
82 |
8.8 |
44 |
5.0 |
|
83 |
9.1 |
45 |
5.0 |
|
84 |
9.4 |
46 |
5.1 |
|
85 |
9.7 |
47 |
5.2 |
|
86 |
10.1 |
48 |
5.3 |
|
87 |
10.4 |
49 |
5.4 |
|
88 |
10.8 |
50 |
5.5 |
|
89 |
11.2 |
51 |
5.5 |
|
90 and over |
11.5 |
52 |
5.6 |
|
||
53 |
5.7 |
|
|
|
54 |
5.7 |
|
|
|
WARNING: These annuity rates, for both immediate and deferred annuities and for both single life and two lives, should not be used if the gift portion, based on IRS tables and the applicable discount rate, is not more than 10% of the amount paid for the annuity.
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 4.0% or higher, whatever the payment frequency. If the CMFR falls below 4.0%, rates at certain young ages may have to be reduced to meet the 10% deduction requirement.
