annuity_diagram

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%
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