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Life Income Gifts

As we get older, it is normal to think about the kind of legacy we would like to leave behind after we are gone. This is often when we begin to work with a planned giving professional to determine the charitable organizations to support beyond our lifetime that reflect our core values and help us fulfill that legacy.

A Life Income Gift serves two purposes. It enables you to make a charitable gift while at the same time providing a tax deduction and income stream to the donor for the rest of his/her lifetime.

There are multiple types of Life Income Gifts, which work the same way with assets being transferred to a charity or trust to ultimately benefit a charitable organization. The charity invests the asset that produces income, which is paid to the donor or spouse (or another person). The asset’s income will be paid to the donor for the rest of their lives (or a designated number of years), with the remainder going to the charitable organization upon the death of the donor or his/her beneficiaries.

Life Income Gifts are also known as split-interest agreements because both the donor and the charitable beneficiary have a vested interest in the asset. They can be structured in a variety of ways to meet an individual’s philanthropic and financial goals. Choosing the best option requires careful planning with your professional advisor.

The most common types of income gifts are:

Pooled Income Fund (PIF):


A pooled income fund is a unique charitable fund that allows a donor to combine their gift with others to gain high professional investment management in a diversified portfolio selected to minimize risk. The donor receives income for life, based on the pooled funds’ assets and share of the fund and a one-time charitable tax deduction. Upon the death of the beneficiary(s), the donor’s share of the pooled income fund is transferred to the designated parish or Episcopal charity.

Click on the following links for additional information:

  • Episcopal Church Foundation: Pooled Income
  • Fidelity Charitable: Pooled Income

Charitable Gift Annuity (CGA):

A Charitable Gift Annuity is a popular life income gift for individuals looking for guaranteed income for life. A gift annuity is a contract between the donor and a charitable organization through which the donor makes a sizable gift to a charity and in return, receives a fixed stream of income from the charity for the remainder of their life. In addition to fixed income, the donor also becomes eligible for tax dedication for the donation. At the end of the donor’s life, the remainder value goes to the charitable organization.

Click on the following links for additional information:

  • Episcopal Church Foundation: Charitable Gift Annuity
  • Fidelity Charitable: Charitable Gift Annuity


Charitable Remainder Annuity Trust (CRAT):

A Charitable Remainder Annuity Trust is a trust in which a donor transfers some assets to fund a trust administered by a charitable organization. The trust distributes fixed annuity payments to the donor each year, and the donor receives charitable deductions for the donation, but additional contributions are not allowed. Once the term of the trust ends the remaining funds are disbursed to the charitable organization

Click on the following links for additional information:

  • Episcopal Church Foundation: Charitable Remainder Annuity Trust
  • Fidelity Charitable: Charitable Remainder Annuity Trust

Charitable Remainder Unitrust (CRUT):

A Charitable Remainder Unitrust is similar to a Charitable Remainder Annuity Trust. The distinction between an Annuity Trust is that this type of trust distributes a fixed percentage based on the balance of the trust assets. The donor can make additional contributions. Similarly to an Annuity Trust, the donor receives charitable dedication for the donations, and once the term of the trust ends, the remaining funds are disbursed to the specified charitable organization.

Click on the following links for additional information:

  • Episcopal Church Foundation: Charitable Remainder Unitrust
  • Fidelity Charitable: Charitable Remainder Unitrust

Looking for More Information About Planned Giving? Check out The Episcopal Church Foundation's Planned Giving Calculator that Shows Potential Income and Tax Benefits:

Episcopal Church Foundation: Planned Giving Calculator

Disclaimer: Please note that we are providing the following for informational purposes only and that individuals should always consult several investment advisers and their attorneys to accurately determine the charitable giving program that is most suitable for their needs.


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Lori Daniels
Executive Director
215-220-9886 
Ryan Campbell
Operations Manager
215-621-8310 

Lori Daniels

Executive Director
215-220-9886 |

Executive Director Lori Daniels stands at The Church Foundation (TCF) 's helm, reporting to the Board of Directors. She oversees and monitors investments to ensure financial integrity and serves the Board in its fiduciary duties as trustee and custodian for assets owned by churches, chapels, missions, and institutions in the Diocese of Pennsylvania. Lori leads business development efforts and fosters professional relationships. Her goal is for every Episcopal entity in the Diocese to establish an endowment with TCF and plans to expand planned giving resources by increasing program education.

Lori joined TCF in 2014 as Operations Specialist, transitioning to Operations Manager. She was promoted to Executive Director in 2019 due to her leadership talents, positive business relationships, and a solid vision for TCF's future. Lori loves people and appreciates the talents of each team member.

Lori has fueled many noteworthy achievements. She oversaw a significant increase in managed assets for 2020, spearheaded rebranding efforts, and collaborated in a diocesan endowments review, leading to increased distribution to fund missions and ministry.

Lori holds a M.S. focused on Management with Nonprofit Specialization as well as a B.S. in Finance and Humanities from the University of Maryland University College. She will continue expanding her expertise in nonprofit management, endowments, and investments. Lori loves to travel, is an avid reader and knitter, and enjoys biking and hiking. Her dream is to live somewhere close to a beach someday.

Ryan Campbell

Operations Manager
215-621-8310 |

Operations Manager Ryan Campbell joined The Church Foundation in 2019 as the newest team member tasked to maintain smooth business operations and collaborate with TCF’s Executive Director to improve existing processes and offer fresh ideas. He masterminds most media development and design projects. Ryan’s tenure in retail includes Operations Manager for PetSmart, overseeing as many as 65 employees with a large customer base.

Ryan’s strength is in forming meaningful relationships with diocese members and coworkers. A critical thinker, he has a strong aptitude for quantitative data and designing digital media. Ryan was an integral partner in redevelopment of TCF’s website and is the point of contact for future enhancements. He also digitized TCF’s records and documentation. He directed and edited the video presentation for TCF’s 2020 clergy conference that was well recognized by attendees, and will continue to be a strong advocate in improving TCF’s overall digital media presence.

Ryan is a source of inspiration and reference to colleagues and others in the diocese, bringing professionalism, dedication, and innovation. Treating others with respect, he places utmost importance on family and friendships.

Originally from the greater Philadelphia area, Ryan attended Ursinus College and West Chester University majoring in Business and Economics, with a minor in Business and Technical Writing. His long-term goals include earning a Master Degree and gaining invaluable experience working with investment, nonprofit, and legal professionals. Ryan enjoys an active lifestyle—he played soccer while attending college, plays and watches most sports, and loves camping and hiking.

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TCF 2021 Annual Report

Revisit TCF's 2021 highlights. Our 2021 Annual Report is now available for download:

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