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.