| *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. |