Retirement Income Through Planned Giving
Life Income Funds of America are pooled income funds (under IRC Section 642(c)(5)) formed by the Philanthropy Fund of America to attract additional funding for its charitable mission. The Life Income Funds of America hopes to attract donors by providing a planned giving vehicle that allows donors with appreciated assets, such as real estate, to make donations in a tax-efficient manner, to receive income for life from professionally managed funds and to support multiple nonprofit organizations. The Life Income Funds also accept contributions of cash and securities.