CGA Rates

 

AMERICAN COUNCIL ON GIFT ANNUITIES SUGGESTED CGA RATES
(SEE IMPORTANT NOTES BELOW!)

These rates are effective July 1, 2008 through June 30, 2009.  For further information,  visit the American Council on Gift Annuities web site by clicking here

 

SINGLE LIFE 

  TWO-LIFE  

INTEREST FACTORS FOR DEFERRED ANNUITIES
(Except New York and New Jersey)

 

INTEREST FACTORS FOR DEFERRED ANNUITIES
IN NEW YORK AND NEW JERSEY

 

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.

 

SINGLE LIFE

Age
Rate
Age
Rate
0-5
3.3%
66
5.8%
6-11
3.4
67
5.9
12-17
3.5
68
6.0
18-21
3.6
69
6.0
22-25
3.7
70
6.1
26-28
3.8
71
6.2
29-31
3.9
72
6.3
32-34
4.0
73
6.5
35-36
4.1
74
6.6
37-38
4.2
75
6.7
39-40
4.3
76
6.9
41
4.4
77
7.0
42-43
4.5
78
7.2
44
4.6
79
7.4
45-46
4.7
80
7.6
47
4.8
81
7.8
48
4.9
82
8.0
49
5.0
83
8.3
50
5.1
84
8.6
51-54
5.2
85
8.9
55-56
5.3
86
9.2
57-59
5.4
87
9.5
60
5.5
88
9.8
61
5.5
89
10.1
62
5.6
90 and over
10.5
63
5.6
64
5.7
65
5.7

NOTES:

1. The rates are for ages at the nearest birthday.

2. For immediate gift annuities, these rates will result in a charitable deduction of more than 10% if the CMFR is 3.4% or higher, whatever the payment frequency. If the CMFR is less than 3.4%, the deduction will be less than 10% when annuitants are below certain ages.

3. For deferred gift annuities with longer deferral periods, the rates may not pass the 10% test when the CMFR is low.

4. 4. 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%.

 

 

TWO LIVES – JOINT AND SURVIVOR

Younger Age

Older Age

Rate
0-1
All
3.2%

2-8

2+

3.2

9-17

9+

3.3

18-23

18+

3.4

24

24+

3.5

25

25+

3.5

26

26+

3.5

27

27+

3.5

28

28+

3.5

29

29+

3.6

30

30+

3.6

31

31+

3.6

32

32+

3.6

33

33+

3.7

34

34+

3.7

35

35+

3.7

36

36+

3.7

37

37+

3.8

38

38+

3.8

39

39+

3.8

40

40+

3.9

41

41+

3.9

42

42+

4.0

43

43+

4.0

44

44+

4.1

45

45+

4.1

46

46+

4.1

47

47+

4.2

48

48+

4.3

49

49+

4.3

50

50+

4.4

51

51+

4.4

52

52+

4.5

53

53+

4.6

54

54+

4.7

55

55+

4.7

56

56+

4.8

57

57-58

4.9

57

59-60

5.0

57

61-62

5.1

57

63+

5.2

58

58

5.0

58

59-60

5.1

58

61+

5.2

59

59

5.1

59

60+

5.2

60

60-64

5.2

60

65+

5.3

61

61-62

5.2

61
63+
5.3

62

62-67

5.3

62

68+

5.4

63

63-66

5.3

63

67+

5.4

64

64-65

5.3

64

66-70

5.4

64
71+
5.5

65

65-68

5.4

65

69+

5.5

66

66-67

5.4

66

68-72

5.5

66

73+

5.6

67

67-70

5.5

67

71-75

5.6

67

76+

5.7

68

68-69

5.5

68

70-73

5.6

68

74-78

5.7

68

79+

5.8

69

69-72

5.6

69

73-75

5.7

69

76+

5.8

70

70

5.6

70

71-74

5.7

70

75-78

5.8

70

79+

5.9

71

71-72

5.7

71
73-76
5.8

71

77-79

5.9

71

80+

6.0

72

72-74

5.8

Younger Age

Older Age

Rate
72
75-77
5.9%
72
78-81
6.0
72
82+
6.1
73
73
5.8
73
74-76
5.9
73
77-78
6.0
73
79-82
6.1
73
83-86
6.2
73
87+
6.3

74

74

5.9

74

75-77

6.0

74

78-80

6.1

74

81-82

6.2

74

83-86

6.3

74

87+

6.4

75

75-76

6.0

75

77-78

6.1

75

79-80

6.2

75

81-83

6.3

75

84-86

6.4

75

87+

6.5

76

76-77

6.1

76

78-79

6.2

76

80-81

6.3

76

82-83

6.4

76

84-86

6.5

76

87-90

6.6

76

91+

6.7

77

77

6.2

77

78-79

6.3

77

80-81

6.4

77

82-84

6.5

77

85-86

6.6

77

87-89

6.7

77

90+

6.8

78

78

6.3

78

79-80

6.4

78

81-82