AFR Rates

*Midterm AFR: Interest rate for a particular month is the rate that is published as 120% of the applicable federal mid-term rate (compounded annually) in effect under Section 1274(d)(1) of the Code for the month in which the valuation date falls. Rate is then rounded to the nearest two-tenths of one percent for purposes of Section 7520 of the Code.

Use the HIGHEST RATE from the month of gift or either of the two preceding months for any Charitable Remainder Life Income Annuity (e.g. Annuity Trust, Unitrust, Gift Annuity, Deferred Payment Annuity).

Use the LOWEST RATE from the month of gift or either of the two preceding months for any Charitable Lead Trusts (e.g. Lead Annuity Trust, Lead Unitrust) or when giving up an income interest in all or part of a Life Income Trust.