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Breaking News: New Charitable Gift Annuity Rates Announced
Friday, April 4, 2008
Today, the American Council on Gift Annuities released its revised CGA rates for one-life CGAs, which will take effect July 1, 2008. The new rates are 0.2 to 0.8 percent lower than those currently used. Nearly all of the steepest reductions will affect older donors. In sharing this information with your clients, we suggest stressing the following four main points:
- If they do a CGA now, their rate will be higher than if they wait.
- Once they do the CGA, their rate cannot decrease.
- The current rates offer returns 2-3 times higher than those available from other investments. CGAs also provide givers with a substantial income tax deduction.
- This is a great way to support the Technion, Israel and themselves.
A full CGA rate table is available upon request. Feel free to contact me at mark@ats.org or at (212) 407-6313 for this or any other information that would be helpful for your clients.
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