Gift Annuity Rates Increased July 1

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:

  • Lock in the new, 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 and taking advantage of the new increased rates.

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Ensuring America's Automotive History is Preserved

1965 Lotus F2There are many factors that show America's automotive history is at risk:

  • Our education system emphasizes college-prep and focuses less on the applied arts, crafts and trades. Meaning less young adults are entering the workforce in the areas of restoration and preservation of vintage vehicles, including motorcycles, boats and planes.
  • Car services are becoming more popular and are competing with traditional car ownership.
  • Technological advances have made modern cars more reliable and longer lasting – reducing the need for local repair shops. Hyper-sophisticated safety and environmental requirements make it difficult for a local mechanic to maintain or repair vehicles.
  • Government sponsored museums are dedicated to art, technology, history, air and space, but there is no Smithsonian for the automobile. Many traditional car museums have a limited purpose beyond showcasing the collections of its founders. They're often static in nature, have limited cultural reference and unfortunately, often collapse with the death of their founders with collections sold and dispersed.
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