Kaspick&Company

KASPICK & COMPANY manages one of the largest portfolios of planned gifts in the country, including over 4,800 trusts, pooled income funds, and gift annuity pools. We combine investment expertise with experience in planned gift administration and knowledge of tax considerations to manage all of the gift types and complex situations found in successful planned giving programs.

Our investment team has a proven track record of producing competitive returns, reducing volatility, and providing a good after-tax outcome for beneficiaries. We tailor our asset allocation strategy to meet the needs of each trust and to comply with the Prudent Investor Rule and other regulations.

The investment team develops for each trust a broadly diversified portfolio of assets designed to meet the trust's specific objectives. The portfolios typically include large cap and small cap domestic stocks, international and emerging markets stocks, domestic and international real estate investment trusts, and diversified domestic and international bonds. The investment strategy is implemented using institutional quality no-load mutual funds.

We invest each trust, pooled income fund, and gift annuity pool in its own custody account. This structure, unlike approaches that pool planned gifts, permits flexibility in portfolio design, daily valuations, immediate investment of new gifts, and daily calculations of investment performance.

When a new client hires us, we consult with them on their investment policies. We then examine the specifics of each gift and select the investment strategy that best meets the objectives for beneficiary income, payment volatility, tax efficiency, and expected future remainder value. We regularly monitor the performance of each portfolio relative to its objectives and rebalance as necessary. We revisit each portfolio objective at least annually with clients.