Charitable Gift Annuity - One Life

Prepared for: Donor name

A. Input Assumptions
Date of transfer January 19, 2022
Fair market value of property transferred $10,000.00
Nearest age on the date of the gift for Beneficiary 1 is 83
Date of first payment March 31, 2022
Annual annuity rate for immediate annuity 7.2%
Payment frequency Quarterly
Prorate first payment or Full first payment? Prorate
Is payment at the beginning or end of the payment period? End
The discount rate (effective 1/2022) is 1.6%
The mortality table is based on the census taken in 2000
B. Present Value of Remainder Interest - Immediate
1. Net fair market value paid for annuity $10,000.00
2. Annual annuity rate 7.2%
3. Annuity amount payable on an annual basis $720.00
4. Factor for present worth of a single life annuity (based on table S) 6.4431
5. Adjustment factor based on payment frequency from Pub. 1457, Table K 1.006
6. Adjusted value of $1.00 (Line 4 * Line 5) 6.4818
7. Adjusted annuity value (Line 3 * Line 6) $4,666.90
8. Excess of actual 1st payment over pro rata 1st payment
(0 for pro rata first payment)

9. Present value of annuity (Line 7 + Line 8) $4,666.90
10. Minimum value of annuity (lesser of line 1 and line 9) $4,666.90
11. Present value of remainder interest (Line 1 - Line 10). The tax deduction $5,333.10

Depending on the type of asset you contribute, a portion of your payment may be taxable to you as a combination of ordinary income, long-term capital gain, and a tax-free return of principal.

This report has been calculated assuming a contribution of cash. Each of your next 7.8 years payments of $720.00 will contain $598.32 of tax-free income and $121.68 of ordinary income. All income will be ordinary after 7.8 years.

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