Higher Gift Annuity Rates as of 1/1/2024
Now is the time to support Jersey City Medical Center 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.