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Simmons Endowment Fund

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The Terry L. Simmons Philanthropic Endowment Fund will provide scholarships to worthy individuals who would otherwise be unable to attend the Conference on Gift Annuities.

 

Suggested Maximum Rate Schedules Effective July 1, 2005

Approved by the American Council on Gift Annuities on April 18, 2005
Information last updated November 17, 2005

ACGA Votes No Change in Recommended Schedule of Rates

The board of the American Council on Gift Annuities met on April 18, 2005 for a semi-annual meeting. At that meeting the board voted unanimously to make no changes to its recommended schedule of gift annuity rates. The current schedule will remain in effect from July 1, 2005 through June 30, 2006 unless economic events warrant an interim review of the schedule.

The underlying assumptions in calculating the schedule of rates remain as follows:

  • 50% residuum
  • 1% annual expense load
  • Annuity 2000 mortality tables assuming female with a 1 ½ year setback
  • 6% expected return

For deferred payment gift annuities, the compounding rate remains at 5% for all deferral periods.

Note: July 1, 2003, July 1, 2004, July 1, 2005, July 1, 2006 & July 1, 2007 - Immediate gift annuity rates are the same.  Please check the Assumptions & Comments page for further information about deferred payment gift annuities.

Click here to download a copy of the rates report.

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