System And Method For Tracking Future Endowment Gifts

摘要

A method for an organization to monitor the projected amount and date of receipt of an endowment bequest comprising a benefactor, through an associated agent, entering into a financial instrument bequeathing a set percentage of the instrument's proceeds, a third party entering into a database the value of the financial instrument, the percentage of the bequest assigned to the not-for-profit and the age of the benefactor; the third party calculating the value of the endowment gift based upon the current value of the financial instrument and the percentage bequeathed to the not-for-profit organization at the actuarially computed date of death of the benefactor; the third party advising the not-for-profit organization on a regularly scheduled basis of the current value of the pooled endowment gift and the projected date of receipt of the gift; the third party alerting the not-for-profit organization of a change in the status of the benefactor's financial instrument.