FundSvcs Community

Receipting life income interest

  • 1.  Receipting life income interest

    Posted 16 days ago
    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
    duncan@msoe.edu
    ------------------------------