RLIs are "pooled income funds" maintained by AIER and are similar to mutual funds. The donor is assigned a number of units, according to the value of the donated assets. The income received by the fund (dividends, interest, etc.) is pooled, and distributed among the income beneficiaries according to the number of units assigned.

When no further income distributions are due because the last income beneficiary named by the donor has died, the value of the units will be "severed" from the fund and made available for AIER's use.

How RLIs Work:

1. You transfer cash, securities, or other property to AIER's Reserved Life Income Fund.

2. You receive an income tax deduction and pay no capital gains tax. Based on the number of assigned units, the fund pays your share of its income each quarter to you or to anyone you name for life.

3. When the last beneficiary dies, your share of the fund's principal passes to benefit AIER.