Applicable Federal Rates

July 2008	August 2008	September 2008
4.2%	4.2%	4.2%

In valuing deferred gifts, donors may choose tables using the most favorable applicable federal rate (AFR, or §7520 rate) from that in effect for the month of the gift or from either of the two months preceding the month of the gift. Rates (120% of the midterm rate) are published on or about the 20th of each month by the IRS.

Elect highest rate available:
Charitable remainder annuity trust
Charitable remainder unitrust
Charitable gift annuity (for largest deduction)
Gift of remaining life estate in farm or personal residence
Gift of life income interest in any trust

Elect lowest rate available:
Charitable lead trusts
Charitable gift annuity (for large tax-free payout)
Remainder interest in farm or personal residence
Remainder interests, generally