It’s been six years since the American Council on Gift Annuities raised the recommended rates payable on charitable gift annuities (CGAs), but the wait is over, and the association will formally publish new, higher rates on May 15. The new rates will take effect July 1, 2018.
The council said the new rates would be .30% to .50% higher, with the largest increases applying to ages when donors typically sign up for annuities.
This is good news for organizations offering gift annuities and good news for their donors. Gabriel Group is prepared to help its nonprofit clients take full advantage of this welcome opportunity to increase the number and size of charitable annuity contracts.
For more information, please contact Renee Durnin at Gabriel Group at 314.743.5713 or firstname.lastname@example.org. And stay tuned — we’ll pass the complete new rate schedule along when it’s announced.