According to an online report by the Chronicle on Philanthropy, the American Council on Gift Annuities on December 29th voted to urge charities that issue charitable gift annuities to lower both the annuity rates they pay annuitants and the amount of interest that assets in gift annuities are expected to earn annually.
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The report is available currently on the Chronicle on Philanthropy's website at:
The ACGA's complete summary of recommendations will be published as soon as they become available.