10405 Clayton Rd
Frontenac, MO 63131
Fall Into a New PLIF Program
Learn How Pooled Life Income Funds are Creating New Value
St. Louis Community Foundation
Mark C. Goldenberg
Goldenberg Heller & Antognoli, P.C.
This presentation will provide detailed information about the benefits of a newly created Pooled Life Income Fund.
What is a Pooled Life Income Fund?
In its simplest form, the PLIF is a donation that produces lifetime income back to the donor and their spouse. When their estate is settled, the principal and long-term gains are directed to a charity recommended by the donor. The PLIF takes advantage of the current interest rates to calculate a person’s tax deduction which can be as high as 75% or more. Typical Split Interest Gifting can produce up to a 40% tax deduction.
How does it work?
Stock (typically with the lowest cost basis) is donated to the PLIF prior to a determination of constructive sale. The tax deduction will be based on the stock’s fair market value. The donation can be managed by the St. Louis Community Foundation and earmarked to calculate the lifetime income and the donor’s final gift value. Distributions of investment income and short-term gains begin in the first year. The speakers will present several sample calculations and discuss some key factors to consider before establishing a PLIF as a giving strategy.
About Our Speakers
Donna Frederick finds solutions for professional advisors whose clients have expressed an interest in charitable giving as part of their personal financial goals. Working with financial, legal and tax advisors to create surplus wealth for clients through tax advantaged, strategic gift planning is her passion. Donna works to ensure professional advisors and their clients maintain control of their philanthropic funds without the administrative burdens. Donna is committed to challenging the stats quo through her unwavering commitment to supporting professional advisors with the highest level of personal service and creative solutions that will strengthen their client relationships.
With over twenty-one years of experience with the full service financial services firm Smith Moore, Donna uniquely understands and appreciates the importance of the relationship between professional advisors and their clients.
Her career at Smith Moore culminated in the role of Chief Operating Officer, Director, Equity Partner and Registered Representative. Donna was instrumental in the significant growth of the firm from $500 million in the AUM to over $2 billion expanding the firm from a single office to multiple branches in Missouri, Kansas and Illinois. Donna’s responsibilities included the management of Compliance, Operations and IT departments as well as Client Associate training and development.
Donna also provided securities gift processing services to several significant non-profit organizations in St. Louis. She served on the Board of the Saint Louis Planned Giving Council from 2007-2014, acting as President of the Council for the final two consecutive years.
Mark C. Goldenberg is one of the founders of the firm, Goldenberg Heller & Antognoli, P.C., and its managing partner. The firm resulted from the merger of three of Madison County’s leading law firms in the late 1980’s.
After becoming a Certified Public Accountant, Mark decided to attend law school and combine his accounting and legal background to serve clients. He has practice law for over a quarter of a century with a concentration in Commercial and Business Law, Estate Planning, Tax Law, Class Action Litigation and Real Estate.
Mark was born and raised in East St. Louis, Illinois, and graduated from East St. Louis Senior High School in 1966. His family owned and operated a grocery in East St. Louis. He is a graduate from the University of Illinois College of Commerce (1970) and the University of Illinois College of Law (1973). He met his wife, Bonnie, at Illinois and she and their children, Mitchell and Samara, also graduated from the University of Illinois.
Throughout his career, Mark has represented individual clients and small to large business entities including general representation in their business operation and planning, acquisitions, mergers and sales, and problem solving. He has assisted the University of Illinois College of Law as a guest presenter in the Trial Advocacy Program for than 10 years.
He is a huge sports fan and his favorite team by far is the “Fighting Illini”. He has attended Illinois football and basketball games for over forty years and previously represented University of Illinois Assistant Basketball Coaches Jimmy Collins and Richard Nagy during the 1989/1990 NCAA investigation involving Deon Thomas and LaPhonso Ellis.
Mark enjoys swimming, jogging, exercise and bike riding. Mostly, he enjoys vacation time with his family.
11:30 a.m. Registration & Networking
11:45 a.m. – 1:30 p.m. Lunch & Program