On May 7, 2020, the American Council on Gift Annuities (ACGA) Board of Directors approved a decrease in the suggested payout rate schedules for charitable gift annuities.
In general, the suggested maximum payout rates will be lowered by 0.3 to 0.5 percentage points, based on the annuitant's age. The annual fixed payment will be reduced by $60 to $100 on a $20,000 gift annuity. The new ACGA suggested maximum charitable gift annuity rates will become effective on July 1, 2020. The ACGA plans to publish the new suggested maximum gift annuity rate schedules for both one life and two lives by early June.
The ACGA gift annuity rates effective on January 1, 2020 are applicable until the end of June. These fixed payments continue to be attractive for senior donors. To view the January 1, 2020 rates on the ACGA website, click here.