Your One-Click Solution for Charitable gift annuities
as recommended and published by the
American Council on Gift Annuities Effective July 1, 2018
The rates are for ages at the nearest birthday. For example, if you are 66 and 1/2 years old, your annuity rate will be the same as if you were 67.
For immediate gift annuities, these rates will result in a charitable deduction of at least 10% if the CFMR is 1.4% or higher and a quarterly payment frequency is used. If the CFMR is less than 1.4%, the deduction will be less than 10% when annuitants are below certain ages.
For deferred gift annuities with longer deferral periods, the rates may not pass the 10% test when the CFMR is low.
To avoid adverse tax consequences, CGA America may need to reduce the gift annuity rate to whatever level is necessary to generate a charitable deduction in excess of 10%.