Table 90CM is a mortality table. It is used to compute the charitable deduction for all planned gifts funded from May 1, 1999 to April 30, 2009. Transition rules allowed donors to use deduction factors based on Table 80CNSMT or Table 90CM for gifts made in May 1999 or June 1999 that use May's or June's IRS discount rate. This mortality table can also be used when computing liabilities to satisfy FASB Statements 116 and 117. Table 90CM is a unisex table: it shows males and females to have the same mortality.
PGM uses Table 90CM to compute the deduction for all gifts with a gift date on or after July 1, 1999 and on or before April 30, 2009. It allows the user to choose Table 90CM or Table 80CNSMT to compute the deduction for gifts with a gift date on or after May 1, 1999 and on or before June 30, 1999, unless the user elects the IRS discount rate for April or May 1989, in which case Table 80CNSMT must be used.
