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The payout rate on an annuity is based on the age of the donor at the time the gift is made. The rates are suggested by the American Council on Gift Annuities, composed of representatives from educational, religious, and other charitable organizations. Carroll University follows the policies of the American Council on Gift Annuities.
Benefits from a $10,000 Gift*
| Age |
Payout rate |
Annuity Payment |
Tax free income |
Ordinary income |
Charitable deduction |
| 65 |
6.0% |
$600 |
$340.20 |
$259.80 |
$3,225.30 |
| 70 |
6.5% |
$650 |
$397.15 |
$252.85 |
$3,686.40 |
| 75 |
7.1% |
$710 |
$465.76 |
$244.24 |
$4,226.20 |
| 80 |
8.0% |
$800 |
$558.40 |
$241.60 |
$4,749.50 |
| 85 |
9.5% |
$950 |
$715.35 |
$234.65 |
$4,138.80 |
| 90 |
11.3% |
$1,130 |
$889.31 |
$240.69 |
$5,642.20 |
*Figures based on a discount rate of 4.4%, and are subject to change.
Contact Marc R. Barbeau, senior advancement officer for gift planning and estate services, Carroll University, 100 N. East Ave., Waukesha, WI 53186, 262.524.7241 or mbarbeau@carrollu.edu.
The information on this web site is not intended as legal advice. For advice and assistance in specific situations, the services of a professional advisor should be obtained.
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