> The Ohio Community Pooled Annuity Trust (OCPAT)
> The Ohio Community Pooled Flexible-Spending Trust

The Disability Foundation acts as Distribution Trustee over the Ohio Community Pooled Annuity Trust (OCPAT) and The Ohio Pooled Flexible-Spending Trust, authorized by federal and Ohio laws. 

Through the Ohio Community Pooled Annuity Trust (OCPAT), individuals with disabilities, and their families, can establish an account that will provide a lifetime plan of payments backed by The Dayton Foundation.   When a family sets up an account in this trust, an annuity calculation is made, and a monthly benefit determined.  Each month that amount is credited to the individual’s spending account.  A major advantage of this Trust is that the monthly benefit is guaranteed for the life of the individual.

The Ohio Community Pooled Flexible-Spending Trust provides an option to families who do not want the annuity limitation in the OCPAT.  The only limit on the amount that can be spent is the amount in the individual’s account.  This provides more flexibility, if a major purchase is needed. 

Through the Ohio Community Pooled Annuity Trust (OCPAT), individuals with disabilities, and their families, can establish an account that will provide a lifetime plan of payments backed by The Dayton Foundation. When a family sets up an account in this trust, an annuity calculation is made, and a monthly benefit determined. Each month that amount is credited to the individual's spending account. A major advantage of this Trust is that the monthly benefit is guaranteed for the life of the individual.

To set up an Annuity Trust (OCPAT), a Crescendo Pro illustration is completed based on the property to be transferred into an OCPAT. From that illustration, and based on the annuity rate of that month, a monthly amount to be transferred into the OCPAT spending account, for that individual, is calculated. This is a fixed rate and guaranteed for the lifetime of the individual. Once the OCPAT is initiated, the Personal Representative is given a Request for Distribution form, on a quarterly basis, asking if the trust recipient requires any supplemental need distributions to be made. The office processes the request; the Distribution committee approves the request; and a check is mailed out to the specified vendor or Personal Representative to acquire that supplemental need.

For additional information on establishing an annuity pooled trust with The Disability Foundation, please contact Kevin Hayde, Executive Director, at (937) 225-9939; or by mail at The Disability Foundation, 500 Kettering Tower, Dayton, OH 45423; or by email khayde@daytonfoundation.org.

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The Flexible-Spending Trust allows individuals to set resources aside for a time when those funds are needed to purchase supplemental need items.  It does not provide a lifetime guarantee of payments; however, it does allow recipients to make requests from the principle sum in the Trust.  Once the Flexible-Spending Trust is funded, a Personal Representative for the Trust Recipient is sent a Request for Distribution form, on a quarterly basis, asking if the trust recipient requires any distributions from his/her trust for the upcoming quarter.

The process for creating and utilizing the Flexible Spending Trust is as follows:  Account Agreement is signed and the agreement, along with a W-9 Tax ID form and a check for the trust amount, are sent to US Bank.  US Bank takes a one-time $750 setup fee out of that amount (or donor can pay for it at the time of trust initiation) and creates a Trust with the remainder amount.  Acknowledgement of the trust’s inception, along with an account number, is forwarded to The Disability Foundation, by US Bank.  Starting with the first quarter after the trust’s inception, a Request for Distribution form is mailed out to the Personal Representative.  The Personal Representative would then complete, after conferring with the individual the form and mail it back to The Disability Foundation.   Distribution requests are reviewed and approved by a Distribution committee and checks are sent out to specified vendors or to the Personal Representative.

There are no set up or annual fees associated with the Pooled Annuity Trust.  An administrative fee, of 3.15%, is taken from the Pool; however, no fees are attached to any individual trust.  There is a $5,000 recommended minimum investment for the initiation of an annuity through The Disability Foundation. 

In regards to the Flexible-Spending Trust, there is a $750 set up fee and an annual fee of $250 charged to the individual trust.  No minimum has been set for the establishment of a Flex.-Spending Trust.

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