Donors and other people named as beneficiaries receive regular payments of net income. After the lifetime of the donor and any beneficiaries, the remaining gift is used to establish a charitable fund at Greater Worcester Community Foundation to carry out the wishes stated by the donor.

The ideal PIF donor is someone who owns non-dividend paying securities and is contributing $500,000 or less (and would consider the establishment of a separate charitable remainder trust to be cumbersome and expensive).

What are the advantages of participating in the PIF?