June 15, 2006
Charities Urged to Change Annuity Calculations
By Holly HallAn influential fund-raising group has recommended that charities increase the compounding interest rate used to calculate how donors and charities will benefit from an increasingly popular type of deferred gift.
The American Council on Gift Annuities says charities should increase the compounding interest rate for deferred gift annuities to a maximum of 5.25 percent annually, up from 5 percent, beginning July
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