The American Council on Gift Annuities (ACGA) recently announced new suggested maximum charitable gift annuity rates, effective July 1, 2020.
Generally, the recommended payout rates have been lowered by 0.3 to 0.5 percentage points, based on the donor’s age. This translates to a very slight reduction in the overall payment amount.
To the right is a chart for suggested single life rates for ages 55+. The full charts are available here.
Featuring a team of volunteer professionals active in the field of planned giving with some of America’s most well-respected charities, the ACGA’s mission is “to foster the success of charitable gift annuity programs at charities nationwide through the promulgation of suggested maximum gift annuity rates, education, research, monitoring state regulations, advocacy, and other activities that promote good gifts for nonprofits and their donors.”
The organization’s suggested maximum rates have long been recognized by charities, donors, state insurance departments and the IRS as being actuarially sound and in the best interests of all parties involved. ■
