Gift Annuities Benefit Donors, Nonprofits
By
Shelly Banjo
and Kristen Mcnamara
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Rates for immediate gift annuities are based on the beneficiary's age at the time the annuity is established. Rates for deferred gift annuities, which are less common, take into consideration both the compound interest on the contribution during the deferral period and the annuity rate for the age at which payments begin, Minton says.
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Shelly Banjo
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