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Act Now! Catch the Benefits of Current Higher Gift Annuity Rates Before They Fall in February
Posted January 2009
Current economic factors have led the American Council on Gift Annuities to lower the gift annuity rates as of February 1, 2009. However, through January 31 you can still lock in the current higher rates and maximize the income you will receive for life. With a simple arrangement that you can complete through the mail, you can make a gift of cash or securities and lock in a rate of income that is fixed and guaranteed for life, providing security for yourself and/or another beneficiary.
We anticipate that the recommended rates will be lower by 0.4% to 0.7% at each age with a maximum rate of 9.5% at ages 90 and older. The new rate recommendations will be effective on February 1, 2009, and we will post them to our Web site as soon as they are published.
Benefits of establishing a gift annuity now:
- Personal satisfaction Leave your lasting legacy to support our mission.
- Relief from taxes You receive a charitable deduction, and generally each payment you receive is partly tax-free. Tip: Maximize your tax savings by funding your annuity with long-term appreciated securities.
- Higher income payments Enjoy the security of payments for life.
- Easy to set up You can complete your gift annuity through the mail.
