Have you been thinking about a charitable gift annuity? Now is the time to take another look because payout rates for new gift annuities increased on July 1, 2022.
What do the new rates mean?
Rates increased for all age levels for both single-life and two-life charitable gift annuities. The increase in rates varies from 0.4% to 0.6%.
| One Life | Two Lives | ||||
| Age | Rate Before 7/1/2022 |
Rate Effective 7/1/2022 |
Ages | Rate Before 7/1/2022 |
Rate Effective 7/1/2022 |
| 65 | 4.2% | 4.8% | 65-65 | 3.8% | 4.3% |
| 70 | 4.7% | 5.3% | 70-70 | 4.2% | 4.8% |
| 75 | 5.4% | 6.0% | 75-75 | 4.6% | 5.2% |
| 80 | 6.5% | 7.0% | 80-80 | 5.4% | 5.9% |
| 85 | 7.6% | 8.1% | 85-85 | 6.5% | 6.9% |
| 90 | 8.6% | 9.1% | 90-90 | 8.2% | 8.6% |
The benefits of a charitable gift annuity completed after July 1, 2022, will allow you to:
Contact us today to learn more about completing a charitable gift annuity and taking advantage of the new increased rates.
The discussion herein is general in nature and may not apply to all individuals. Prospective donors are urged to consult their personal tax and financial advisors concerning the specific consequences of making gifts to Colgate. We would be pleased to discuss, in confidence, ways in which you may support Colgate. These measures may also have an impact on your estate planning.
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