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Announcements
Rates Announcement - 6/2/22
The Board of Directors of the ACGA met on May 17, 2022 and voted to increase the rate of return assumption we use when suggesting maximum payout rates for charitable gift annuities. The return assumption will be moving to 4.5% from 3.75% effective July 1st of 2022. As such, the suggested maximum payout rates for single life annuity contracts will be moving higher by 0.4% to 0.6% depending on the age of the beneficiary. The suggested maximum allowable joint-life annuity contracts will also be heading higher by a similar amount.
The suggested maximum rates effective July 1, 2022, may be accessed here.
APRIL UPDATE: ACGA Report on Progress
in Resolving Gift Annuity Rate Challenges
in New York State
The American Council on Gift Annuities (ACGA) is pleased to share our progress in working with regulators in New York State regarding maximum allowable charitable gift annuity payout rates. For more information on the background and the solution we are working on with the New York Department of Financial Services, please click here to read more.
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