About the Discount Rate

Prior to May 1989, the discount rate was fixed at 10%. The tables below contain the historic rates of the month starting in January 1989.

These rates are programmed into our PGM Anywhere and Gift Annuity Manager software. PG Calc updates PGM Anywhere with each new rate as soon as it is available.

When calculating the contribution value of a planned gift made on or after 5/1/89, you may use the discount rate for the month of the gift or for either of the prior two months. The IRS discount rate was fixed at 10.0% for gifts made from 12/1/83 to 4/30/89.

2010-Present

Rates from 2018-2022

 

2018

2019

2020

2021

2022

2023

2024

January

2.6

3.4

2.0

0.6

1.6

 

 

February

2.8

3.2

2.2

0.6

1.6

 

 

March

3.0

3.2

1.8

0.8

2.0

 

 

April

3.2

3.0

1.2

1.0

2.2

 

 

May

3.2

2.8

0.8

1.2

3.0

 

 

June

3.4

2.8

0.6

1.2

3.6

 

 

July

3.4

2.6

0.6

1.2

 

 

 

August

3.4

2.2

0.4

1.2

 

 

 

September

3.4

2.2

0.4

1.0

 

 

 

October

3.4

1.8

0.4

1.0

 

 

 

November

3.6

2.0

0.4

1.4

 

 

 

December

3.6

2.0

0.6

1.6

 

 

 

 

2018

2019

2020

2021

2022

2023

2024

Rates from 2010-2017

 

2010

2011

2012

2013

2014

2015

2016

2017

January

3.0

2.4

1.4

1.0

2.2

2.2

2.2

2.4

February

3.4

2.8

1.4

1.2

2.4

2.0

2.2

2.6

March

3.2

3.0

1.4

1.4

2.2

1.8

1.8

2.4

April

3.2

3.0

1.4

1.4

2.2

2.0

1.8

2.6

May

3.4

3.0

1.6

1.2

2.4

1.8

1.8

2.4

June

3.2

2.8

1.2

1.2

2.2

2.0

1.8

2.4

July

2.8

2.4

1.2

1.4

2.2

2.2

1.8

2.2

August

2.6

2.2

1.0

2.0

2.2

2.2

1.4

2.4

September

2.4

2.0

1.0

2.0

2.2

2.2

1.4

2.4

October

2.0

1.4

1.2

2.4

2.2

2.0

1.6

2.2

November

2.0

1.4

1.0

2.0

2.2

2.0

1.6

2.4

December

1.8

1.6

1.2

2.0

2.0

2.0

1.8

2.6

 

2010

2011

2012

2013

2014

2015

2016

2017

1989-2009

Rates from 2003-2009

 

2003

2004

2005

2006

2007

2008

2009

January

4.2

4.2

4.6

5.4

5.6

4.4

2.4

February

4.0

4.2

4.6

5.2

5.6

4.2

2.0

March

3.8

4.0

4.6

5.4

5.8

3.6

2.4

April

3.6

3.8

5.0

5.6

5.6

3.4

2.6

May

3.8

3.8

5.2

5.8

5.6

3.2

2.4

June

3.6

4.6

4.8

6.0

5.6

3.8

2.8

July

3.0

5.0

4.6

6.0

6.0

4.2

3.4

August

3.2

4.8

4.8

6.2

6.2

4.2

3.4

September

4.2

4.6

5.0

6.0

5.8

4.2

3.4

October

4.4

4.4

5.0

5.8

5.2

3.8

3.2

November

4.0

4.2

5.0

5.6

5.2

3.6

3.2

December

4.2

4.2

5.4

5.8

5.0

3.4

3.2

 

2003

2004

2005

2006

2007

2008

2009

Rates from 1996-2002

 

1996

1997

1998

1999

2000

2001

2002

January

6.8

7.4

7.2

5.6

7.4

6.8

5.4

February

6.8

7.6

6.8

5.6

8.0

6.2

5.6

March

6.6

7.8

6.8

5.8

8.2

6.2

5.4

April

7.0

7.8

6.8

6.4

8.0

6.0

5.6

May

7.6

8.2

6.8

6.2

7.8

5.8

6.0

June

8.0

8.2

7.0

6.4

8.0

6.0

5.8

July

8.2

8.0

6.8

7.0

8.0

6.2

5.6

August

8.2

7.6

6.8

7.2

7.6

6.0

5.2

September

8.0

7.6

6.6

7.2

7.6

5.8

4.6

October

8.0

7.6

6.2

7.2

7.4

5.6

4.2

November

8.0

7.4

5.4

7.4

7.2

5.0

3.6

December

7.6

7.2

5.4

7.4

7.0

4.8

4.0

 

1996

1997

1998

1999

2000

2001

2002

Rates from 1989-1995

 

1989

1990

1991

1992

1993

1994

1995

January

10.0

9.6

9.8

8.2

7.6

6.4

9.6

February

10.0

9.8

9.6

7.6

7.6

6.4

9.6

March

11.2*

10.2

9.4

8.0

7.0

6.4

9.4

April

11.6*

10.6

9.6

8.4

6.6

7.0

8.8

May

11.6

10.6

9.6

8.6

6.6

7.8

8.6

June

11.2

11.0

9.6

8.4

6.4

8.4

8.2

July

10.6

10.6

9.6

8.2

6.6

8.2

7.6

August

10.0

10.4

9.8

7.8

6.4

8.4

7.2

September

9.6

10.2

9.6

7.2

6.4

8.4

7.6

October

10.2

10.6

9.0

7.0

6.0

8.6

7.6

November

10.0

10.6

8.6

6.8

6.0

9.0

7.4

December

9.8

10.2

8.6

7.4

6.2

9.4

7.2

 

1989

1990

1991

1992

1993

1994

1995

 

 


How Can We Help?

Let us know if you have a question about the IRS Discount Rate.
Associate Director for Gift Planning

Contact Jeffrey Frye

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