WHAT IS A PIF?
A PIF is like a mutual fund that is exclusive for your church’s benefit. It’s a contract between your church and its givers providing a ‘give/invest’ strategy to benefit both the church and giver. A PIF is ideal for stewarding donors 55+, but persons of all ages can benefit. Unlike other charitable vehicles, a PIF is set up for your church and ALL of your givers (age appropriate). It allows your givers to ‘invest’ a portion of their assets, receive income for their lifetime and a tax deduction for their gift.
PIF BENEFITS FOR YOUR GIVERS
Many of your 55+ year-old givers are thinking about retirement, which involves asset allocation (e.g. income vs. growth investments). Most churches are good investments (debt to equity) providing the giver:
• Interest income
• Tax deduction against current income + 5 years carry forward
• Minimize capital gains tax on appreciated assets
• Asset class diversification for balanced investment portfolio
• Biblical obedience – God’s church IS a good investment! (Ecclesiastes 11:2)