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Receipting life income interest

  • 1.  Receipting life income interest

    Posted 11-20-2019 09:57 AM
    Hello, could anyone please lend your expertise in telling me how to receipt a person for their life income interest from a pooled income fund? We dissolved a pooled income fund and have an appraisal by PG Calc for roughly $120K fir the life income interest. We are on Raisers Edge/NXT and are thinking we will have to record this as a gift-in-kind? 

    Thank you!

    Nicole Duncan
    Director of Advancement Services
    Milwaukee School of Engineering