On November 17, 2023, the American Council on Gift Annuities (ACGA) Board of Directors approved an increase in the suggested maximum payout rate schedules for charitable gift annuities.
In general, the suggested maximum payout rates will be increased by approximately 0.4 percentage points, based on the annuitant's age. The annual fixed payment will be increased by $80 on a $20,000 gift annuity. The new ACGA suggested maximum charitable gift annuity rates will become effective on January 1, 2024. The ACGA plans to publish the new suggested maximum gift annuity rate schedules for both one life and two lives by late-December to the public. ACGA members will gain early access to the rates.
The ACGA gift annuity rates effective on January 1, 2023 are applicable until the end of December. These fixed payments continue to be attractive for senior donors. To view the January 1, 2023 rates on the ACGA website click here.