Gift Planning
IMPORTANT NEWS:
Gift annuity rates will drop after June 30, 2008
The payout rates offered by Vassar and most other charitable organizations will decrease after Monday, June 30, 2008. If you are thinking about making such a gift, you might want to do so before June 30, in order to receive the benefit of the higher rate.
The change in rates will range from .3% to 1% lower. Here is an example to give you a better sense of the impact:
Donor/beneficiary age 75:| Current Payout Rate | 7.1% | (for gifts made on or before June 30) |
| New Payout Rate | 6.7% | (for gifts made on or after July 1) |
Remember, this schedule of rates concerns only new gifts. Once you create a gift annuity, your rate is set and it remains the same for your entire lifetime. That’s all the more reason to consider locking in a higher lifetime rate before the lower rate schedule takes effect.
While these rates remain generally consistent, they are subject to change every year in April when The American Council on Gift Annuities meets to review various economic and social conditions and consider the appropriateness of the current rates. In the last 10 years, these rates have been adjusted just 4 times.
For more information, please contact Alexas Orcutt in the Gift Planning Office, or create an illustration yourself (and see the current rates available before June 30th).
About Gift Planning
With careful planning, there are many ways you can support the College’s future while simultaneously meeting some of your own personal financial goals and objectives. Planned gifts, either standing alone or as part of your overall giving, can help you make that special gift that seemed otherwise impossible. This site outlines some of the many gift options available and their various tax and income benefits. Vassar’s Gift Planning staff can help you and your advisors determine which gift arrangement might be right for you.
