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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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Connect with Us

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

Lori Daniels

Executive Director
215-220-9886 |

With The Church Foundation since late 2014, Lori is an administrative professional who began her career at Puget Sound Energy in Bellevue Washington as a Business Analyst. After relocating with her family to Alexandria Virginia, Lori was the Resource Room Coordinator for the Center for the Ministry of Teaching on the campus Virginia Theological Seminary. In 2011, Lori moved to Exton Pennsylvania and was the office manager for Echoes, a public radio program, distributed by Public Radio International before accepting the position as Operations Manager at The Church Foundation.

The Board of Directors of The Church Foundation named Lori the Executive Director of The Church Foundation, effective July 1, 2019.

Lori holds a B.S. in Finance from the University of Maryland University College, is an avid reader and knitter, and enjoys biking, hiking, and traveling.

Ryan Campbell

Operations Manager
215-621-8310 |

The newest member of The Church Foundation, Ryan is a management professional with just under 10 years experience. Originally from the greater Philadelphia area, Ryan attended Ursinus College and West Chester University where he played soccer. He began his career working for Pro-Tect Security as a Sales Manager, but he eventually found himself drawn to The Church Foundation’s mission and values. He currently resides there as the Operations Manager.

The Board of Directors of The Church Foundation named Ryan the Operations Manager of The Church Foundation, effective August 26, 2019

Ryan enjoys an active lifestyle. He likes playing and watching most sports, camping and hiking, and spending time with family and friends.

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