ACGA Releases Suggested Charitable Gift Annuity Rates Effective January 1, 2012

ACGA Releases Suggested Charitable Gift Annuity Rates Effective January 1, 2012

News story posted in on 18 November 2011| comments
audience: National Publication | last updated: 9 December 2011
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Summary

The American Council on Gift Annuities (ACGA) board of directors held its semi-annual meeting on November 7, 2011. As part of a continual monitoring process, the board reviewed the current assumptions that underlie the rates schedules.  Given the significant changes in the economic environment, the board approved a new schedule of suggested maximum gift annuity rates which will become effective January 1, 2012.  At ages older than 60, when the majority of gift annuities are issued, one-life rates will decline by 0.5% to 0.8%.

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