Q:

What are the charitable annuity rates?

A:

Quick Answer

Charitable annuity rates are the percentages that determine how much capital is paid back to a donor under a charitable annuity program, notes both the American Council on Gift Annuities and Nolo.com. The American Council on Gift annuities posts the current charitable annuity rates.

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Full Answer

An charitable annuity is a contract between a donor and a charitable organization, reports Nolo.com. The donor contributes to a charity, and in return the charity makes regular fixed payments back to either the donor or another designated person based on the current charitable annuity rates. Donors can take tax deductions for the initial gifts given to a charitable organization. The donor's life expectancy helps determine how much the charitable organization pays back in annuities.

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