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Rates and Payments

Annuity rates depend on the age of those who will receive the lifetime payments. Rates are higher for older individuals. Please contact our office for joint life rates. Rates listed below are effective January 1, 2012.

Single Life

Age

Rate

Age

Rate

55

4.0%

73

5.5%

56

4.1

74

5.7

57

4.1

75

5.8

58

4.2

76

6.0

59

4.3

77

6.2

60

4.4

78

6.4

61

4.4

79

6.6

62

4.5

80

6.8

63

4.5

81

7.0

64

4.6

82

7.2

65

4.7

83

7.4

66

4.8

84

7.6

67

4.8

85

7.8

68

4.9

86

8.0

69

5.0

87

8.2

70

5.1

88

8.4

71

5.3

89

8.7

72

5.4

90 and over

9.0%

The Augustana Development Office can provide personal illustrations of gift annuities based on ages of selected beneficiaries. For more information, please contact:

Scott Park, Assistant Vice President of Legacy Giving
Augustana College
Development Office
639 38th Street
Rock Island, IL 61201
(800) 798-8100 x7587
scottpark@augustana.edu

Payments

Payments are guaranteed by the ELCA Foundation. Gift annuities can pay out for the lifetime of one beneficiary, or the joint and survivor lifetimes of two beneficiaries.


Payments can begin immediately or can be deferred for a specified period of time (at least one year after the date of gift). The amount of the annuity payments, as well as the charitable income tax deduction, increase with the length of time payment is deferred.

Back to Gift Annuity Program