When doing calculations for a deferred gift annuity, two dates related to the timing of the first payment come into play, the date of first payment itself and the so-called “annuity starting date.” While the date of first payment is the far more familiar concept of the two, only the annuity starting date is a central component of calculations performed in PGM Anywhere. Gift planners will benefit from understanding the difference between these two dates on how they are used in PGM Anywhere’s calculations.