New Gift Annuity Rate Changes Effective January 1, 2020

Have you been thinking about a charitable gift annuity? Now is the time to take another look because payout rates for new gift annuities are changing January 1, 2020.

What do the new rates mean?

Rates will decrease for all age levels for both single-life and two-life charitable gift annuities. The decrease in rates will be anywhere from 0.3% to 0.5%.

One Life			Two Lives
Age	Current Rate	Rate Effective 1/1/2020	Age	Current Rate	Rate Effective 1/1/2020
65	5.1%	4.7%	65-65	4.5%	4.2%
70	5.6%	5.1%	70-70	5.0%	4.6%
75	6.2%	5.8%	75-75	5.5%	5.0%
80	7.3%	6.9%	80-80	6.2%	5.8%
85	8.3%	8.0%	85-85	7.3%	6.9%
90	9.5%	9.0%	90-90	9.1%	8.6%

The benefits of a charitable gift annuity completed before January 1, 2020, will allow you to:

• Lock in current higher rates.

• Achieve the satisfaction of making a meaningful difference with your gift.

• Enjoy the security of guaranteed income payments for life.

• Obtain relief from taxes. You may be able to claim an income-tax charitable deduction, and each payment may be partly tax-free for your life expectancy.

Contact us today to learn more about completing a charitable gift annuity either before or after January 1, 2020.

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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.