Pooled Life Income Plans

Our experience covers the administration of more than 60 pooled life income funds.  Our services specifically for PIFS include:

  • Processing of gifts including valuation, assignment of units, and pro-rated income distributions
  • Production of income distribution checks quarterly (or dummy check registers for organizations that produce their own checks)
  • Quarterly valuations on a full accrual basis to determine principal market value per unit and income distribution per unit
  • Quarterly Statements of Condition
  • Processing of terminations, including calculations and recording of amounts withdrawn
  • Annual tax information for beneficiaries mailed by February 28th
  • Annual federal, state and local fiduciary tax returns