An Institutional Solution to Client Fund Management www
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An Institutional Solution to Client Fund Management www. arlingtonheritagegroup. com
Since 1986, Arlington Heritage Group has managed trusts for human service providers and 501(C)3 s. The Provider Trust is used by non-profits to better manage funds of individuals in their care. www. arlingtonheritagegroup. com
www. arlingtonheritagegroup. com
Why The Provider Trust? • Trusteeship - the Provider is the Trustee and has control over key decisions and policy. • Resolves Eligibility & Spend-down concern about resource limits and frivolous spend-down eliminated • Residual - Use of residual, which can grow over time, determined by Trustee • Transparency - Executives, fiscal, and team can monitor balances and expenses for all individuals with a trust account. • Minimal Cost - Arlington provides back-office support, training, archiving and compliance. Low annual fees born by trust. Consolidation of accounts can save staff time and expenses. www. arlingtonheritagegroup. com
Legal Guidelines • The Trustee must be a non-profit 501(C)(3) entity • Individual with the trust account must be disabled as per SSI criteria • Individual trust must be created by a parent, grandparent, guardian, court, or the person him/herself. • Funds placed into the trust must be irrevocable and therefore do not count as an SSA resource. • Money in the trust can only be used for the sole benefit of the individual Every non-profit or for-profit with a foundation can operate The Provider Trust www. arlingtonheritagegroup. com
The Provider Trust In Action Single state non-profit with $33 M in revenue and $11 M in assets and 30 year history of stable operations. Among the first to partner with Arlington Heritage Group and adopt the Provider Trust. www. arlingtonheritagegroup. com
Growth of Trust, Growth of Residual… Access Services Special Needs Pooled Trust Total Pool & Remainder $900, 000 $800, 000 $723, 767 $884, 305 $689, 648 $612, 011 $598, 263 $600, 000 $500, 000 $400, 000 $300, 000 $112, 423 $122, 314 $151, 113 $142, 822 $149, 541 $200, 000 $100, 000 $0 2012 2013 2014 2015 2016 www. arlingtonheritagegroup. com
One Case Study… www. arlingtonheritagegroup. com
Thomas Tirney Arlington Heritage Group, Inc. tgtirney@ahgtrusts. com (215) 672 -1184 www. arlingtonheritagegroup. com