Higher Rates as of January 1, 2023 | St. Sebastian's School

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FACTS & FIGURES Get some quick stats on the St. Sebastian’s experience and our community.

OUR CAMPUS Take a virtual tour of our campus and discover our beautiful facilities, including recent enhancements to our Science labs and library.
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A WISE INVESTMENT Our families find great value in the St. Sebastian’s experience. Learn more about financial aid and affording the best in education.

INSIDER'S PERSPECTIVE Students, parents and faculty reflect on the power of our mission and what makes this school unique.
Spiritual Life
A COMMUNITY OF FAITH Daily gatherings in Chapel and in Church are an important part of the spiritual life at St. Sebastian’s.

MISSION IN ACTION Students help our neighbors in need through a wide variety of service opportunities.
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Academics
A SOLID FOUNDATION St. Sebastian’s places a strong emphasis on verbal skills development, giving students ample opportunity to write and speak

COLLEGE COUNSELING Our College Counseling program works closely with students and their families to find the college or university that best matches their aspirations, needs and interests.
Arts
CULTIVATING CREATIVITY From the stage to the darkroom and recording studio, students are encouraged to pursue their creative passions.

TYING ART TO SERVICE Inspired by the mission of the school, the Visual Art program aims to create opportunities to “take good care of one another” through art.
- Music
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Athletics
A MEMBER OF THE ISL St. Sebastian’s is the only Catholic School in the competitive Independent School League.

SUCCESSFUL STUDENT ATHLETES Many Arrow graduates continue to play sports competitively in college and beyond.
Student Life
CHERISHED TRADITIONS A number of annual events and traditions add to the student and alumni experience at St. Sebastian’s.

OUTSIDE THE CLASSROOM A broad range of clubs provides students with the opportunity to discover and develop their special interests and talents.
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THE ANNUAL FUND The excellence of the St. Sebastian’s education is a result of the generous support of current and past parents, alumni, faculty, staff, and friends.

WAYS TO GIVE There are a variety of ways to support St. Sebastian’s, from gifts of appreciated stock to corporate matching gifts and monthly recurring gifts.

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On November 23, 2022, the American Council on Gift Annuities (ACGA) announced that it would be increasing its suggested maximum annuity rates, effective January 1, 2023. The new rates replace the rates that became effective July 1, 2022. The ACGA’s decision to increase its suggested maximum gift annuity rates was triggered by the sharp rise in interest rates that started in March 2022 and has continued since July 2022.

For most gift annuities, the new rates are 0.6% - 0.7% higher than the rates they replace. If you defer the start of payments for a year or more, the increase is even greater.

Ordinarily, you would expect a higher annuity rate to result in a lower charitable deduction. However, the new deductions available in January 2023 will be about the same as they were in July 2022, despite the higher ACGA rates. This is because in the second half of 2022 there has been a spike in the interest rate used to compute gift annuity deductions. The recent spike in this interest rate does have a negative effect; it has reduced the tax-free portion of annuity payments.

The combination of higher annuity rates and substantial deductions makes gift annuities even more attractive to donors seeking to make a gift and receive fixed payments for life.

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