Support MFS - Planned Giving

MFS Pooled Life Income Fund

The Pooled Life Income Fund (PLIF) is an attractive way for you to support Moorestown Friends School and to achieve important financial goals. The fund is similar to a mutual fund in that individual gifts from many donors are combined and earn proportionate interest in a common investment pool. The PLIF is invested in Vanguard's Wellesley Fund. The earnings are paid to beneficiaries on a quarterly basis for their lifetimes. The rate of return to the beneficiaries is variable.

You can become a donor to the MFS PLIF with a minimum contribution of $5,000 in securities or cash. In the year of the gift, you will receive a significant charitable income tax deduction based on your age and average rate of return of the fund. Your gift to the PLIF may be directed to provide income to you and your spouse for both of your lifetimes.

With a gift to the PLIF, you may be able to increase your income since the quarterly dividends from the fund are often higher than other investments. For example, if you donate highly appreciated, low-yield securities, you will increase your annual income and avoid capital gains tax on your investment. Further, you will receive income from the fund until the payment preceding your death, and this income source is not a part of your estate tax liability. In fact, at the time of your death, your portion of the PLIF will be directed out of the income fund and placed in the Moorestown Friends School endowment.

Everyone who joins the PLIF at MFS is welcomed as a member of the Legacy Society. The Legacy Society recognizes individuals who have included MFS in their estate plans or have made planned gifts to benefit MFS.

To receive an illustration of this type of planned gift, including an estimate of your charitable deduction, please contact Stephen Zakroff, Director of Development, at (856)235-2900, ext. 211 or szakroff@mfriends.org. The Development Office will need to have an approximate amount you would like to contribute and your birthdate, (and the birthdate of your spouse if you plan to have your contribution support two individuals).

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