The ACF Pooled Income Fund, Think of a “Full Gainer"

Most PIF programs operated by charitable organizations can be compared to the recreational backyard pool. However, the ACF PIF can be compared to a pool designed for competitive aquatic events.

Think of a full gainer: a 25 foot high dive where the diver launches forward but rotates backward before entering a 16 foot deep pool. It is a counterintuitive combination, forward momentum, reverse spin, clean entry. The combination of forward momentum and backward spin is what makes it a “gainer.”

The ACF PIF gives the investment manager full gainer flexibility to pursue favorable returns for income beneficiaries. All net short-term gains are distributed to income beneficiaries. And, optionally, up to 50% of post contribution, realized net long-term gains can be paid out too.

One more gain worth knowing: short-term capital gains are calculated as a net figure, meaning realized short-term gains are offset by any short-term capital losses that occur throughout the year. That net amount is what gets distributed to beneficiaries at year's end.