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The Southwestern Indiana Regional Council on Aging, Inc. is proud to offer a government-approved d(4)(C) trust created specifically for the elderly and disabled . The SWIRCA Pooled Trust offers you a way to provide for your loved ones which will authorize the purchase of supplemental items and services they need and want without fearing that these resources will make them ineligible for their governmental benefits. It is important that all persons maintain a level of human dignity and human care which government benefits can’t always provide. |
| A Beneficiary’s trust may be funded by any person who contributes his or her own assets or property to the Trust for the benefit of a Beneficiary. A trust may be funded by gift, will or agreement. A grantor can be anyone who is interested in maintaining the health, safety and/or welfare of a Beneficiary, and is not restricted to persons related to the Beneficiary by blood or marriage. |
| A beneficiary is any person of any age who has been diagnosed with a physical or mental impairment that substantially impairs that person’s ability to support and care for his or her self. |
| Grantors simply enter into a joinder agreement with SWIRCA and the Trustee to provide funding to benefit an individual who has a physical or mental impairment such that they are in need of assistance from others for his or her care. Grantors may choose to fund the Trust either while living, at retirement or death so as to assure that the money they want to care for their loved one is protected in the Trust. |
| The Trustee for the SWIRCA Pooled Trust will be Old National Trust Company. The Trustee shall maintain records for each Trust sub-account in the name of each Beneficiary and will provide to each Beneficiary eligible to receive distributions, or his or her Guardian, and to every Grantor of a funded enrollment, an annual report of all disbursements and distributions to or from the Trust sub-account occurring during the reporting period, together with a complete statement of the Trust sub-account property. The Trustee shall furnish, at least annually, to each Beneficiary or his or her Guardian, a brief and concise financial statement of the Trust. |