Planned Giving
Higher Gift Annuity Rates as of 1/1/2024
Now is the time to support Indian River State College Foundation because payout rates for new gift annuities increased on January 1, 2024. What a better way to support our mission far into the future.
The rates increased for all age levels for both single- and two-life.
| One Life | Two Lives | ||||
|---|---|---|---|---|---|
| Age | New Rates After 1/1/2024 |
Rates Before 1/1/2024 |
Ages | New Rates After 1/1/2024 |
Rates Before 1/1/2024 |
| 65 | 5.70% | 5.4% | 65-65 | 5.00% | 4.7% |
| 70 | 6.30% | 5.9% | 70-70 | 5.50% | 5.2% |
| 75 | 7.00% | 6.6% | 75-75 | 6.20% | 5.8% |
| 80 | 8.10% | 7.6% | 80-80 | 6.90% | 6.5% |
| 85 | 9.10% | 8.7% | 85-85 | 8.10% | 7.7% |
| 90 | 10.10% | 9.7% | 90-90 | 9.80% | 9.4% |
Rates are set by the American Council on Gift Annuities (ACGA)
The benefits of a Charitable Gift Annuity along with the new rates mean:
- Higher payout rates
- Making a bigger impact
- Enjoying guaranteed secure income for life
- Making a tax-advantage gift.
Here are the details on how a Charitable Gift Annuity works.
Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
