Yearly Rate of Return Report
The Yearly Rate of Return Report is available only if you have purchased a license for the Pooled Fund Administration module.
The Yearly Rate of Return Report computes and displays the rate of return for the specified year that a pooled income fund donor must consider when determining the interest rate to use when computing the charitable deduction for a new gift to the fund. The donor must compute her deduction using the fund's highest yearly rate of return for the last three tax years prior to the year of gift.
Produce the Yearly Rate of Return Report after all of the additions, withdrawals, and payments for the calendar year in question have been recorded in GiftWrap.
Entering the information required to compute a fund's yearly rate of return is a two-step process. The first step is to enter all of the fund valuation dates and valuations for the year. The second step is to produce a Yearly Rate of Return report based on this valuation information and the payment information already stored for all of the fund participants.
Step 1: Enter fund market value information.
Step 2: Produce Yearly Rate of Return Report.
Once you have complete Step 1 above, you are ready to compute the yearly rate of return for the fund.
1. Click PIF > Yearly Rate of Return in the Menu Bar.
2. Select the organization and name of the pooled income fund for which you wish to compute a yearly rate of return.
3. Choose the year for which you wish to compute the select fund's yearly rate of return.
4. Click OK to view the report.
5. Do the following, as needed:
6. Click 
when done viewing the report to return to the Yearly Rate of Return screen.
7. Click to the two Yearly Rate of Return windows to close the function.
Notes:
· If you see an error log, fix the errors it identifies, then run Yearly Rate of Return again.
To print the error log, click Print, then click OK in the standard Windows Print dialog box. Alternatively, you may save the log in a file that you can print or review later. When done, click Cancel.
· Only fund valuations with valuation dates during the selected year are considered when the Yearly Rate of Return function does its computation. The function also sums up the total of all gross payment amounts recorded for beneficiaries of the fund who have check dates that fall within each of five date ranges that appear in the Income and Corrective Term Adjustment section of the report. The check date ranges included in each of these sums is as follows:
After End of 4th Quarter & Last Week of 4th Quarter : check dates 12/25/<year> through 12/31/<year>
Balance of 4th Quarter & Last Week of 3rd Quarter: check dates 9/24/<year> through 12/24/<year>
Balance of 3rd Quarter & Last Week of 2nd Quarter: check dates 6/24/<year> through 9/23/<year>
Balance of 2nd Quarter & Last Week of 1st Quarter: check dates 3/25/<year> through 6/23/<year>
Balance of 1st Quarter: check dates 1/1/<year> through 3/24/<year>