Boy Scouts of America
Gift Annuity Rates
| One
Life |
| Age |
Rate |
| 50-51 |
6.3% |
| 52-54 |
6.4% |
| 55-56 |
6.5% |
| 57-59 |
6.6% |
| 60-61 |
6.7% |
| 62 |
6.8% |
| 63-64 |
6.9% |
| 65 |
7.0% |
| 66 |
7.1% |
| 67 |
7.2% |
| 68 |
7.3% |
| 69 |
7.4% |
| 70 |
7.5% |
| 71 |
7.6% |
| 72 |
7.7% |
| 73 |
7.8% |
| 74 |
8.0% |
| 75 |
8.2% |
| 76 |
8.3% |
| 77 |
8.5% |
| 78 |
8.7% |
| 79 |
9.0% |
| 80 |
9.2% |
| 81 |
9.4% |
| 82 |
9.6% |
| 83 |
9.9% |
| 84 |
10.2% |
| 85 |
10.5% |
| 86 |
10.8% |
| 87 |
11.1% |
| 88 |
11.4% |
| 89 |
11.7% |
| 90-over |
12.0% |
| Two Life |
| Age1/Age2 |
Rate |
| 50/50 |
6.1% |
| 55/55 |
6.2% |
| 55/60 |
6.3% |
| 60/60 |
6.4% |
| 60/65 |
6.4% |
| 65/65 |
6.6% |
| 65/70 |
6.7% |
| 70/70 |
6.8% |
| 70/75 |
7.0% |
| 75/75 |
7.3% |
| 75/80 |
7.5% |
| 80/80 |
8.0% |
| 80/85 |
8.4% |
| 85/85 |
9.0% |
| 85/90 |
9.6% |
| 90/ |
10.6% |
| Deferred
Annuity Rates |
| One Life |
| Age |
Years
Deferred |
Rate |
| 50 |
5 |
8.3% |
| 50 |
10 |
11.0% |
| 60 |
5 |
8.8% |
| 60 |
10 |
11.7% |
| Two Life |
| 50/50 |
5 |
8.1% |
| 50/50 |
10 |
10.7% |
| 55/55 |
5 |
8.2% |
| 55/55 |
10 |
10.8% |
| 60/60 |
5 |
8.4% |
|
| The
National Gift Annuity Program |
 What
Is It?
The BSA Gift Annuity Program is
a program that allows you to make a gift to Scouting and receive
both a guaranteed lifetime income and a charitable income tax
deduction. The income is paid each quarter for one or two lives,
as you choose. You can even decide whether you want the payments
to begin immediately, or defer them until later.
 What
Kind of a Gift Must I Make?
Though the gift can be
as large as you want, it must be a minimum of $2,500 to receive a
gift annuity. However, your gift can be made with cash, stocks,
bonds, or shares in a mutual fund.
 How
Much Income Would I Receive Each Year?
It depends on age. To receive a
current gift annuity, you must be at least 50 years of age at the
time of your gift. But the older you are, the higher the annuity
rate. Once your annuity is set, the payments will not change for
the life of the annuity. We normally use the rates of return
recommended by the American Council on Gift Annuities. If you
choose to defer the start of your payments - for example, to
coincide with your retirement - your annual annuity rate will be
higher than for annuities that begin paying you now.
 Can
I have the Annuity Payments Go to Others Than Me?
Certainly. You can
create a gift annuity for children, grandparents, parents,
retiring employees, or anyone you choose.We now offer a limited-term college annuity option. It might help
provide some extra income for your college-bound child or
grandchild, and beneficiaries need not be 50 years of age.
 How
Would the Income Be Taxed?
If you use cash to
make your gift, a large portion of each payment will be taxable
income. If you make your gift with stock or other appreciated
property, each annuity payment will be a mix of tax-free income,
ordinary income, and capital gain. When you create a gift annuity
(or if you will request personalized information), you receive a
summary of how your annuity payments will be taxed.
 Are
There Other Tax Benefits?
When you create your
gift annuity, you receive an immediate income tax charitable
deduction. It is based on the fair market value of your gift. It
varies with the annuity return and the age of the beneficiaries
(as a rule, older beneficiaries receive larger charitable tax
deductions). The gift may also save probate costs and estate taxes
(since the property is no longer in your estate). If you make your
gift with appreciated property, you also spread out any capital
gains over the life of the annuity, rather than pay it all at
once.
 How
Will My Local Council Benefit From This Gift?
Though this program is offered
through the BSA National Council, your gift can be used to benefit
the local council of your choice. When your gift annuity payments
end, the remaining value of your gift is distributed to your
selected council to benefit its Scouting programs. At that time, a
small percentage of your gift is used to cover part of the
administrative costs we have incurred for your gift annuity.
 Who
Administers This Program?
State Street Global Advisors in
Boston, Massachusetts, administers all gifts made to this program.
It is one of the industry leaders in gift annuity management and
is responsible for investing your gift and sending out all annuity
checks and tax statements. However, the general assets of the Boy
Scouts of America guarantee your annuity for life.
How Do I Get More Information About This Program?
Contact
your local council, Development Office at (313) 361-1250 or (313)
897-1965 ext 250. You will
receive more information and a simple gift annuity agreement to
review with your own attorney or tax adviser. If you provide us
with your age and the type and size of the gift you are
considering, you will also receive a personal summary of the
income and your estimated tax benefits for the gift you are
considering. This is free of charge, confidential, and with no
obligation.
The BSA Gift Annuity Program is an exciting, effective, and
innovative way to provide for Scouting's financial future and
benefit you and your family as well. Find out more today!
| *Example:
Mr. and Mrs. West (ages 70 and 68) make a gift of $10,000
to the National Gift Annuity Program. They make their gift
using stock with an annual dividend of 2 percent. Their
gift annuity gives them a current income tax deduction of
about $3,000 and a guaranteed annuity of $680 a year for
the rest of their lives. This more than triples their
current income from this stock, and part of each payment
will be tax-free for years to come. |
A service of the
National Boy Scouts of America Foundation.
|
