The American Council on Gift Annuities released new suggested rates for charitable gift annuities effective Jan. 1. The new rates were announced after the semi-annual ACGA board meeting in November 2011. As part of an ongoing monitoring process, the ACGA continually reviews the various assumptions that underlie the recommended rate schedules. Based on this process, …Read More
The number of Americans age 90 or older has nearly tripled from approximately 700,000 in 1980 to almost 2 million in 2010. Further, the ranks of America’s oldest old are projected to more than quadruple in coming years, according to the U.S. Census Bureau’s “90+ in the United States: 2006-2008” report. The growth of the …Read More
There was much discussion last summer and fall of the possibility that major tax law changes affecting charitable giving could be included as part of a compromise budget reduction plan submitted by the Congressional supercommittee. On Nov. 23, however, the committee announced that it had failed to reach a bipartisan solution to the nation’s budget …Read More