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For the second time this year, the American Council on Gift Annuities has recommended that the payment rates it suggests for charitable gift annuities be reduced. The new rates, reproduced below, are effective July 1, 2003. The rate reduction varies from .2% to .5%, depending on the age of the annuitants. The new rates for …Read More
Give & Take Articles
Archive for July, 2003
Impact of the 2003 Tax Act on Charitable Giving
Posted July 1st, 2003
On May 28th, President Bush signed into law the Jobs and Growth Tax Relief Reconciliation Act of 2003. The stated goal was to stimulate a sluggish economy by providing federal income tax relief for many Americans. The primary thrust of the bill is to accelerate income tax rate cuts that were already planned for coming …Read More