发明名称 |
Method and system for generating endowment for a tax-exempt organization |
摘要 |
A program for generating new endowment for a tax-exempt organization. Life insurance policies are purchased for a group of suitable donor individuals, with the tax-exempt organization as the beneficiary. A finance company lends money to the tax-exempt organization in amounts sufficient to pay the annual life insurance premiums, and a secondary bank lends further money to the tax-exempt organization to cover the interest that accumulates annually on the premium loans. Upon the death of a donor individual, the policy death benefit is used in several ways: a predetermined fixed amount is set aside and used to pay the interest loan; a predetermined priority portion of the remainder is used to pay the premium loans; and, after the premium loans have been paid in full, any remaining balance is accumulated as new endowment. A Monte Carlo simulation is used to predict the program's performance. |
申请公布号 |
US2004019506(A1) |
申请公布日期 |
2004.01.29 |
申请号 |
US20020201421 |
申请日期 |
2002.07.23 |
申请人 |
STRUCHTEMEYER BRIAN P.;STRUCHTEMEYER RALPH E.;STRUCHTEMEYER MELISSA K. |
发明人 |
STRUCHTEMEYER BRIAN P.;STRUCHTEMEYER RALPH E.;STRUCHTEMEYER MELISSA K. |
分类号 |
G06Q40/00;(IPC1-7):G06F17/60 |
主分类号 |
G06Q40/00 |
代理机构 |
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代理人 |
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主权项 |
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地址 |
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