The following rates are the current rates effective
January 1, 2023. Note that these rates are somewhat lower than rates prior to that date. Prior rates can be seen on the ACGA's web site:
www.acga-web.org. Remember that these are maximum rates. Donors can always request a lower rate, get a bigger charitable deduction and help their favorite charities even more.
Single Life
Two-Life
WARNING:These annuity rates, for both immediate and deferred annuities and for both single life and two lives, should not be used if the gift portion, based on IRS tables and the applicable discount rate, is not more than 10% of the amount paid for the annuity.ity.
|
Age
|
Rate
|
|
Age
|
Rate
|
|
5-18
|
3.5
|
|
69
|
5.8
|
|
19-27
|
3.6
|
|
70
|
5.9
|
|
28-33
|
3.7
|
|
71
|
6.0
|
|
34-38
|
3.8
|
|
72
|
6.2
|
|
39-42
|
3.9
|
|
73
|
6.3
|
|
43-45
|
4.0
|
|
74
|
6.4
|
|
46-47
|
4.1
|
|
75
|
6.6
|
|
48-50
|
4.2
|
|
76
|
6.8
|
|
51-52
|
4.3
|
|
77
|
7.0
|
|
53
|
4.4
|
|
78
|
7.2
|
|
54-55
|
4.5
|
|
79
|
7.4
|
|
56
|
4.6
|
|
80
|
7.6
|
|
57-58
|
4.7
|
|
81
|
7.8
|
|
59
|
4.8
|
|
82
|
8.1
|
|
60
|
4.9
|
|
83
|
8.3
|
|
61
|
5.0
|
|
84
|
8.5
|
|
62
|
5.1
|
|
85
|
8.7
|
|
63
|
5.2
|
|
86
|
8.9
|
|
64
|
5.3
|
|
87
|
9.1
|
|
65
|
5.4
|
|
88
|
9.3
|
|
66
|
5.5
|
|
89
|
9.5
|
|
67
|
5.6
|
|
90+
|
9.7
|
|
68
|
5.7
|
|
|
|
NOTES:
- The rates are for ages
at the nearest birthday.
- For immediate gift
annuities, these rates will result in a charitable deduction of
more than 10% if the CFMR is 0.6% or higher, whatever the
payment frequency. If the CFMR is less than 0.6%, 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, the charity should reduce the gift annuity rate to
whatever level is necessary to generate a charitable deduction
in excess of 10%.
|
Younger Age
|
Older Age
|
Rate
|
|
Younger Age
|
Older Age
|
Rate
|
|
5
|
5 - 95+
|
3.3
|
|
72
|
78 - 80
|
5.8
|
|
6
|
6 - 95+
|
3.3
|
|
72
|
81 - 83
|
5.9
|
|
7
|
7 - 95+
|
3.3
|
|
72
|
84 - 95+
|
6.0
|
|
8
|
8 - 95+
|
3.3
|
|
73
|
73
|
5.6
|
|
9
|
9 - 95+
|
3.3
|
|
73
|
74 - 75
|
5.7
|
|
10
|
10 - 95+
|
3.3
|
|
73
|
76 - 78
|
5.8
|
|
11
|
11 - 95+
|
3.3
|
|
73
|
79 - 80
|
5.9
|
|
12
|
12 - 95+
|
3.3
|
|
73
|
81 - 83
|
6.0
|
|
13
|
13 - 95+
|
3.3
|
|
73
|
84 - 95+
|
6.1
|
|
14
|
14 - 95+
|
3.3
|
|
74
|
74
|
5.7
|
|
15
|
15 - 95+
|
3.3
|
|
74
|
75 - 76
|
5.8
|
|
16
|
16 - 95+
|
3.3
|
|
74
|
77 - 78
|
5.9
|
|
17
|
17 - 95+
|
3.3
|
|
74
|
79 - 80
|
6.0
|
|
18
|
18 - 95+
|
3.3
|
|
74
|
81 - 83
|
6.1
|
|
19
|
19 - 95+
|
3.4
|
|
74
|
84 - 95+
|
6.2
|
|
20
|
20 - 95+
|
3.4
|
|
75
|
75
|
5.8
|
|
21
|
21 - 95+
|
3.4
|
|
75
|
76 - 77
|
5.9
|
|
22
|
22 - 95+
|
3.4
|
|
75
|
78 - 79
|
6.0
|
|
23
|
23 - 95+
|
3.4
|
|
75
|
80 - 81
|
6.1
|
|
24
|
24 - 95+
|
3.4
|
|
75
|
82 - 83
|
6.2
|
|
25
|
25 - 95+
|
3.4
|
|
75
|
84 - 86
|
6.3
|
|
26
|
26 - 95+
|
3.4
|
|
75
|
87 - 95+
|
6.4
|
|
27
|
27 - 95+
|
3.4
|
|
76
|
76
|
5.9
|
|
28
|
28 - 95+
|
3.5
|
|
76
|
77
|
6.0
|
|
29
|
29 - 95+
|
3.5
|
|
76
|
78 - 79
|
6.1
|
|
30
|
30 - 95+
|
3.5
|
|
76
|
80 - 81
|
6.2
|
|
31
|
31 - 95+
|
3.5
|
|
76
|
82 - 83
|
6.3
|
|
32
|
32 - 95+
|
3.5
|
|
76
|
84 - 85
|
6.4
|
|
33
|
33 - 95+
|
3.5
|
|
76
|
86 - 88
|
6.5
|
|
34
|
34 - 95+
|
3.6
|
|
76
|
89 - 95+
|
6.6
|
|
35
|
35 - 95+
|
3.6
|
|
77
|
77 - 78
|
6.1
|
|
36
|
36 - 95+
|
3.6
|
|
77
|
79
|
6.2
|
|
37
|
37 - 95+
|
3.6
|
|
77
|
80 - 81
|
6.3
|
|
38
|
38 - 95+
|
3.6
|
|
77
|
82 - 83
|
6.4
|
|
39
|
39 - 95+
|
3.7
|
|
77
|
84 - 85
|
6.5
|
|
40
|
40 - 95+
|
3.7
|
|
77
|
86 - 87
|
6.6
|
|
41
|
41 - 95+
|
3.7
|
|
77
|
88 - 90
|
6.7
|
|
42
|
42 - 95+
|
3.7
|
|
77
|
91 - 95+
|
6.8
|
|
43
|
43 - 95+
|
3.8
|
|
78
|
78
|
6.2
|
|
44
|
44 - 95+
|
3.8
|
|
78
|
79
|
6.3
|
|
45
|
45 - 95+
|
3.8
|
|
78
|
80 - 81
|
6.4
|
|
46
|
46
|
3.8
|
|
78
|
82
|
6.5
|
|
46
|
47 - 95+
|
3.9
|
|
78
|
83 - 84
|
6.6
|
|
47
|
47 - 95+
|
3.9
|
|
78
|
85 - 86
|
6.7
|
|
48
|
48 - 52
|
3.9
|
|
78
|
87 - 88
|
6.8
|
|
48
|
53 - 95+
|
4.0
|
|
78
|
89 - 91
|
6.9
|
|
49
|
49 - 50
|
3.9
|
|
78
|
92 - 95+
|
7.0
|
|
49
|
51 - 95+
|
4.0
|
|
79
|
79
|
6.4
|
|
50
|
50 - 95+
|
4.0
|
|
79
|
80 - 81
|
6.5
|
|
51
|
51 - 54
|
4.0
|
|
79
|
82
|
6.6
|
|
51
|
55 - 95+
|
4.1
|
|
79
|
83 - 84
|
6.7
|
|
52
|
52 - 53
|
4.0
|
|
79
|
85
|
6.8
|
|
52
|
54 - 95+
|
4.1
|
|
79
|
86 - 87
|
6.9
|
|
53
|
53 - 58
|
4.1
|
|
79
|
88 - 89
|
7.0
|
|
53
|
59 - 95+
|
4.2
|
|
79
|
90 - 92
|
7.1
|
|
54
|
54 - 56
|
4.1
|
|
79
|
93 - 95+
|
7.2
|
|
54
|
57 - 62
|
4.2
|
|
80
|
80
|
6.5
|
|
54
|
63 - 95+
|
4.3
|
|
80
|
81
|
6.6
|
|
55
|
55
|
4.1
|
|
80
|
82
|
6.7
|
|
55
|
56 - 60
|
4.2
|
|
80
|
83
|
6.8
|
|
55
|
61 - 95+
|
4.3
|
|
80
|
84
|
6.9
|
|
56
|
56 - 59
|
4.2
|
|
80
|
85 - 86
|
7.0
|
|
56
|
60 - 64
|
4.3
|
|
80
|
87
|
7.1
|
|
56
|
65 - 95+
|
4.4
|
|
80
|
88 - 89
|
7.2
|
|
57
|
57
|
4.2
|
|
80
|
90 - 92
|
7.3
|
|
57
|
58 - 62
|
4.3
|
|
80
|
93 - 95+
|
7.4
|
|
57
|
63 - 67
|
4.4
|
|
81
|
81
|
6.7
|
|
57
|
68 - 95+
|
4.5
|
|
81
|
82
|
6.8
|
|
58
|
58 - 60
|
4.3
|
|
81
|
83
|
6.9
|
|
58
|
61 - 65
|
4.4
|
|
81
|
84
|
7.0
|
|
58
|
66 - 95+
|
4.5
|
|
81
|
85
|
7.1
|
|
59
|
59
|
4.3
|
|
81
|
86
|
7.2
|
|
59
|
60 - 63
|
4.4
|
|
81
|
87 - 88
|
7.3
|
|
59
|
64 - 68
|
4.5
|
|
81
|
89
|
7.4
|
|
59
|
69 - 95+
|
4.6
|
|
81
|
90 - 91
|
7.5
|
|
60
|
60 - 62
|
4.4
|
|
81
|
92 - 95+
|
7.6
|
|
60
|
63 - 65
|
4.5
|
|
82
|
82
|
6.9
|
|
60
|
66 - 70
|
4.6
|
|
82
|
83
|
7.0
|
|
60
|
71 - 95+
|
4.7
|
|
82
|
84
|
7.1
|
|
61
|
61 - 64
|
4.5
|
|
82
|
85
|
7.2
|
|
61
|
65 - 68
|
4.6
|
|
82
|
86
|
7.3
|
|
61
|
69 - 72
|
4.7
|
|
82
|
87
|
7.4
|
|
61
|
73 - 95+
|
4.8
|
|
82
|
88
|
7.5
|
|
62
|
62 - 63
|
4.5
|
|
82
|
89
|
7.6
|
|
62
|
64 - 66
|
4.6
|
|
82
|
90 - 91
|
7.7
|
|
62
|
67 - 69
|
4.7
|
|
82
|
92 - 93
|
7.8
|
|
62
|
70 - 74
|
4.8
|
|
82
|
94 - 95+
|
7.9
|
|
62
|
75 - 95+
|
4.9
|
|
83
|
83
|
7.2
|
|
63
|
63 - 64
|
4.6
|
|
83
|
84
|
7.3
|
|
63
|
65 - 67
|
4.7
|
|
83
|
85
|
7.4
|
|
63
|
68 - 71
|
4.8
|
|
83
|
86
|
7.5
|
|
63
|
72 - 75
|
4.9
|
|
83
|
87
|
7.6
|
|
63
|
76 - 95+
|
5.0
|
|
83
|
88
|
7.7
|
|
64
|
64 - 66
|
4.7
|
|
83
|
89
|
7.8
|
|
64
|
67 - 69
|
4.8
|
|
83
|
90 - 91
|
7.9
|
|
64
|
70 - 72
|
4.9
|
|
83
|
92
|
8.0
|
|
64
|
73 - 76
|
5.0
|
|
83
|
93 - 95+
|
8.1
|
|
64
|
77 - 95+
|
5.1
|
|
84
|
84
|
7.4
|
|
65
|
65
|
4.7
|
|
84
|
85
|
7.5
|
|
65
|
66 - 67
|
4.8
|
|
84
|
86
|
7.6
|
|
65
|
68 - 70
|
4.9
|
|
84
|
87
|
7.8
|
|
65
|
71 - 73
|
5.0
|
|
84
|
88
|
7.9
|
|
65
|
74 - 77
|
5.1
|
|
84
|
89
|
8.0
|
|
65
|
78 - 95+
|
5.2
|
|
84
|
90
|
8.1
|
|
66
|
66
|
4.8
|
|
84
|
91
|
8.2
|
|
66
|
67 - 69
|
4.9
|
|
84
|
92 - 95+
|
8.3
|
|
66
|
70 - 71
|
5.0
|
|
85
|
85
|
7.7
|
|
66
|
72 - 74
|
5.1
|
|
85
|
86
|
7.8
|
|
66
|
75 - 77
|
5.2
|
|
85
|
87
|
7.9
|
|
66
|
78 - 95+
|
5.3
|
|
85
|
88
|
8.1
|
|
67
|
67
|
4.9
|
|
85
|
89
|
8.2
|
|
67
|
68 - 70
|
5.0
|
|
85
|
90
|
8.3
|
|
67
|
71 - 72
|
5.1
|
|
85
|
91
|
8.4
|
|
67
|
73 - 75
|
5.2
|
|
85
|
92 - 95+
|
8.5
|
|
67
|
76 - 78
|
5.3
|
|
86
|
86
|
8.0
|
|
67
|
79 - 95+
|
5.4
|
|
86
|
87
|
8.1
|
|
68
|
68
|
5.0
|
|
86
|
88
|
8.2
|
|
68
|
69 - 70
|
5.1
|
|
86
|
89
|
8.4
|
|
68
|
71 - 73
|
5.2
|
|
86
|
90
|
8.5
|
|
68
|
74 - 75
|
5.3
|
|
86
|
91
|
8.6
|
|
68
|
76 - 78
|
5.4
|
|
86
|
92 - 95+
|
8.7
|
|
68
|
79 - 95+
|
5.5
|
|
87
|
87
|
8.3
|
|
69
|
69
|
5.1
|
|
87
|
88
|
8.4
|
|
69
|
70 - 71
|
5.2
|
|
87
|
89
|
8.6
|
|
69
|
72 - 73
|
5.3
|
|
87
|
90
|
8.7
|
|
69
|
74 - 75
|
5.4
|
|
87
|
91 - 95+
|
8.9
|
|
69
|
76 - 78
|
5.5
|
|
88
|
88
|
8.6
|
|
69
|
79 - 95+
|
5.6
|
|
88
|
89
|
8.8
|
|
70
|
70
|
5.2
|
|
88
|
90
|
9.0
|
|
70
|
71 - 72
|
5.3
|
|
88
|
91 - 95+
|
9.1
|
|
70
|
73
|
5.4
|
|
89
|
89
|
9.0
|
|
70
|
74 - 75
|
5.5
|
|
89
|
90
|
9.2
|
|
70
|
76 - 78
|
5.6
|
|
89
|
91 - 95+
|
9.3
|
|
70
|
79 - 95+
|
5.7
|
|
90
|
90
|
9.4
|
|
71
|
71 - 72
|
5.4
|
|
90
|
91 - 95+
|
9.5
|
|
71
|
73 - 74
|
5.5
|
|
91
|
91 - 95+
|
9.5
|
|
71
|
75 - 76
|
5.6
|
|
92
|
92 - 95+
|
9.5
|
|
71
|
77 - 79
|
5.7
|
|
93
|
93 - 95+
|
9.5
|
|
71
|
80 - 95+
|
5.8
|
|
94
|
94 - 95+
|
9.5
|
|
72
|
72
|
5.5
|
|
95+
|
95+
|
9.5
|
|
72
|
73 - 74
|
5.6
|
|
|
|
|
|
72
|
75 - 77
|
5.7
|
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Procedure
for Calculating Suggested Deferred Gift Annuity Rates
Approved by the American Council on Gift Annuities--Effective January 1, 2023
- Determine the annuity starting date, which is:
- One year before the first payment, if payments are made annually.
- Six months before the first payment, if payments are made semi-annually.
- Three months before the first payment, if payments are made quarterly.
- One month before the first payment, if payments are made monthly.
- Determine the number of whole and fractional years from the date of the contribution to the annuity starting date (the deferral period). Express the fractional year to four decimal places.
- For a deferral period of any length, use the following formula to determine the compound interest factor:
- F = 1.0425d, where
- F is the compound interest factor and
- d is the deferral period
Example: If the period between the contribution date and the annuity starting date is 10.25 years, the compound interest factor would be 1.042510.25= 1.532074
- Multiply the compound interest factor (F) by the immediate gift annuity rate for the nearest age or ages of a person or persons at the annuity starting date.
Example: If the sole annuitant will be nearest age 65 on the annuity starting date and the compound interest factor is 1.532074, the deferred gift annuity rate would be 1.532074 times 5.4%, or 8.3% (rounded to the nearest tenth of a percent).
