Charitable Gift Annuity
The following examples illustrate details for a $20,000 gift annuity. Each annuity is based on factors of age, one or two life payout, and payments with no deferral.
Based on one life
| Annual Payout | $940.00 |
| - Ordinary Income | $246.14 |
| - Tax Free Portion | $693.86 |
| - Capital Gain Income | $0.00 |
| Charitable Deduction | $6,192.09 |
| Payment Rate | 4.7% |
Your Situation
| First Income Recipient Age | 65 |
| Gift Amount (Cash) | $20,000.00 |
| Cost Basis | $20,000.00 |
| Gift Date | 07/07/2016 |
| Date Payments Begin | 09/30/2016 |
| You Receive Payments | Quarterly |
| IRS Discount Rate | 1.8% |
Based on two lives
| Annual Payout | $860.00 |
| - Ordinary Income | $223.04 |
| - Tax Free Portion | $636.96 |
| - Capital Gain Income | $0.00 |
| Charitable Deduction | $4,649.26 |
| Payment Rate | 4.3% |
Your Situation
| First Income Recipient Age | 65 |
| Second Income Recipient Age | 67 |
| Gift Amount (Cash) | $20,000.00 |
| Cost Basis | $20,000.00 |
| Gift Date | 07/07/2016 |
| Date Payments Begin | 09/30/2016 |
| You Receive Payments | Quarterly |
| IRS Discount Rate | 1.8% |
Rates for a Charitable Gift Annuity funded January 1, 2016 or later. Your calculation above is an estimate and is for illustrative purposes only. It does not constitute legal or tax advice.
Annuity Rates: One Recipient
| Recipient's Age | Annuity Rate |
|---|---|
| 60 | 4.4% |
| 65 | 4.7% |
| 70 | 5.1% |
| 75 | 5.8% |
| 80 | 6.8% |
| 85 | 7.8% |
| 90+ | 9.0% |
Annuity Rates: Two Recipients
| Same Age | Annuity Rate | Different Ages | Annuity Rate |
|---|---|---|---|
| 60 | 3.9% | 60/65 | 4.0% |
| 65 | 4.2% | 65/70 | 4.4% |
| 70 | 4.6% | 70/75 | 4.8% |
| 75 | 5.0% | 75/80 | 5.3% |
| 80 | 5.7% | 80/85 | 6.1% |
| 85 | 6.7% | 85/90 | 7.3% |
| 90+ | 8.2% | 90/95+ | 8.8% |