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␈¬↓␈¬α␈¬β␈¬∧␈↓ ↓H
␈¬↓ Dear Fellow Sequoian:  ␈¬∧Have you counted your blessings today?␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αA␈α∩clean,␈α∩safe,␈α∩comfortable␈α∩home␈α∩amid␈α∩harmonious␈α∩gardens,␈α∩nestled␈α⊃in␈α⊃sylvan␈α⊃hills␈α⊃and␈↓ ↓H
␈↓ ↓Hwith␈α≠open␈α≠sky␈α≠above␈α≠-␈α≠Three␈α≠nourishing␈α≠meals␈α≠a␈α~day␈α~without␈α~the␈α~drudgery␈α~of␈↓ ↓H
␈↓ ↓Hpreparation,␈α∂cooking␈α∂and␈α∂washing␈α∂up␈α∂-␈α∂Association␈α∂with␈α∂congenial,␈α∂stimulating␈α∂neighbors␈↓ ↓H
␈↓ ↓Hand␈α∪friends␈α∪-␈α∪A␈α∪selection␈α∪of␈α∪recreational␈α∪activities␈α∪if␈α∪desired␈α∪-␈α∪And␈α∪above␈α∪all,␈α∪health␈↓ ↓H
␈↓ ↓Hcare␈α⊂and␈α⊂protection␈α⊂from␈α⊂catastrophic␈α⊂medical␈α⊂expense.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬∧Have␈α∞you␈α∞ever␈α∞thought␈α∞that␈α∞this␈α∞was␈α∞all␈α
too␈α
good␈α
to␈α
be␈α
true␈α
and␈α
wished␈α
you␈↓ ↓H
␈↓ ↓Hcould␈α⊂do␈α⊂something␈α⊂to␈α⊂assure␈α⊂its␈α⊂continued␈α⊂availability.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αIt␈α⊂is␈α∂becoming␈α∂increasingly␈α∂difficult␈α∂for␈α∂the␈α∂NCPH␈α∂to␈α∂maintain␈α∂the␈α∂satisfactory␈α∂standard␈↓ ↓H
␈↓ ↓Hof␈α∪living␈α∪that␈α∪has␈α∪been␈α∪the␈α∪hallmark␈α∪of␈α∪The␈α∪Sequoias␈α∪and␈α∪at␈α∪the␈α∪same␈α∪time␈α∪to␈α∪limit␈↓ ↓H
␈↓ ↓Hincreases␈α∩in␈α∩monthly␈α∩fees␈α⊃in␈α⊃consideration␈α⊃of␈α⊃those␈α⊃residents␈α⊃whose␈α⊃resources␈α⊃are␈α⊃being␈↓ ↓H
␈↓ ↓Hstrained␈α⊂by␈α⊂inflation.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αMany␈α∩residents␈α⊃have␈α⊃made␈α⊃gifts␈α⊃to␈α⊃the␈α⊃Sequoias-Portola␈α⊃Valley␈α⊃to␈α⊃improve␈α⊃and␈α⊃expand␈↓ ↓H
␈↓ ↓Hfacilities␈α∩and␈α∩their␈α∩generosity␈α∩has␈α∩been␈α∩deeply␈α∩appreciated␈α∩by␈α∩all.␈α∩Others␈α∩will␈α∩continue␈↓ ↓H
␈↓ ↓Hto␈α∩make␈α∩such␈α∩gifts␈α∩from␈α∩time␈α∩to␈α∩time␈α∩but␈α∩inflation␈α∩is␈α∩forcing␈α∩many␈α⊃of␈α⊃us␈α⊃to␈α⊃husband␈↓ ↓H
␈↓ ↓Hour␈α⊂resources.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬∧There␈α⊂may␈α⊂still␈α⊂be␈α⊂a␈α⊂way␈α⊂in␈α⊂which␈α⊂you␈α⊂can␈α⊂help.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αYou␈α∪could␈α∪do␈α∪this␈α∪by␈α∪making␈α∩an␈α∩irrevocable␈α∩gift␈α∩to␈α∩The␈α∩Sequoias␈α∩while␈α∩retaining␈α∩the␈↓ ↓H
␈↓ ↓Hincome␈α∪from␈α∪the␈α∪gift␈α∪for␈α∪life␈α∪(and␈α∪for␈α∪the␈α∪life␈α∩of␈α∩a␈α∩surviving␈α∩spouse).␈α∩You␈α∩would,␈α∩of␈↓ ↓H
␈↓ ↓Hcourse,␈α∀be␈α∀able␈α∀to␈α∀specify␈α∀the␈α∀purpose␈α∀to␈α∀which␈α∀the␈α∪gift␈α∪eventually␈α∪is␈α∪to␈α∪apply.␈α∪The␈↓ ↓H
␈↓ ↓HResidents'␈α↔Council␈α↔has␈α↔appointed␈α↔an␈α↔Ad␈α↔Hoc␈α↔Committee␈α↔to␈α↔work␈α↔with␈α⊗the␈α⊗NCPH␈↓ ↓H
␈↓ ↓HBoard␈α↔of␈α↔Directors␈α↔to␈α↔establish␈α⊗a␈α⊗Pooled-Income␈α⊗Trust␈α⊗Fund␈α⊗which␈α⊗will␈α⊗make␈α⊗this␈↓ ↓H
␈↓ ↓Hpossible.␈α⊂This␈α∂Fund␈α∂should␈α∂not␈α∂be␈α∂confused␈α∂with␈α∂the␈α∂NCPH␈α∂Endowment␈α∂Fund␈α∂that␈α∂was␈↓ ↓H
␈↓ ↓Hset␈α⊂up␈α⊂a␈α⊂few␈α⊂years␈α⊂ago␈α⊂for␈α⊂making␈α⊂bequests␈α⊂in␈α⊂a␈α⊂will.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αThis␈α⊂new␈α∂method␈α∂of␈α∂giving␈α∂should␈α∂be␈α∂particularly␈α∂attractive␈α∂to␈α∂residents␈α∂who␈α∂would␈α∂like␈↓ ↓H
␈↓ ↓Hto␈α↔make␈α↔a␈α↔substantial␈α↔gift␈α↔to␈α↔The␈α↔Sequoias␈α↔but␈α↔who␈α↔do␈α⊗not␈α⊗wish␈α⊗to␈α⊗reduce␈α⊗their␈↓ ↓H
␈↓ ↓Hcurrent␈α_income.␈α_Gifts␈α_to␈α_the␈α_fund␈α↔will,␈α↔of␈α↔course,␈α↔reduce␈α↔the␈α↔size␈α↔of␈α↔the␈α↔donor's␈↓ ↓H
␈↓ ↓Hresidual␈α∃estate␈α∃and␈α∃should␈α∀only␈α∀be␈α∀considered␈α∀by␈α∀those␈α∀who␈α∀either␈α∀have␈α∀no␈α∀heirs␈α∀or␈↓ ↓H
␈↓ ↓Hwhose␈α⊂heirs␈α⊂can␈α⊂still␈α⊂be␈α⊂adequately␈α⊂remembered.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬αThe␈α∪donor's␈α∪after-tax␈α∪income␈α∪will␈α∪usually␈α∪be␈α∪temporarily␈α∪increased␈α∪as␈α∪a␈α∪result␈α∪of␈α∪the␈↓ ↓H
␈↓ ↓Hgift,␈α∃since,␈α∃under␈α∃Internal-Revenue-Service␈α∀regulations,␈α∀approximately␈α∀one␈α∀half␈α∀of␈α∀the␈↓ ↓H
␈↓ ↓Htotal␈α↔gift␈α↔may␈α↔be␈α↔claimed␈α↔as␈α⊗a␈α⊗charitable␈α⊗deduction.␈α⊗An␈α⊗additional␈α⊗advantage␈α⊗may␈↓ ↓H
␈↓ ↓Haccrue␈α∩if␈α∩the␈α∩gift␈α∩is␈α∩in␈α∩low-yield␈α∩securities␈α⊃on␈α⊃which␈α⊃a␈α⊃capital␈α⊃gains␈α⊃tax␈α⊃would␈α⊃be␈α⊃due␈↓ ↓H
␈↓ ↓Hwere␈α⊃they␈α⊃to␈α⊃be␈α⊃sold␈α⊃by␈α⊃the␈α⊃donor.␈α⊃All␈α⊃gifts␈α⊃to␈α⊃the␈α⊃fund␈α⊃are␈α⊃pooled␈α⊂and␈α⊂reinvested␈α⊂in␈↓ ↓H
␈↓ ↓Hsuch␈α⊃a␈α⊃way␈α⊃as␈α⊃to␈α⊃produce␈α⊃a␈α⊃maximum␈α⊃yield␈α⊃consistant␈α⊃with␈α⊃security.␈α⊃Each␈α⊃donor␈α⊃then␈↓ ↓H
␈↓ ↓Hreceives␈α⊂his␈α⊂or␈α⊂her␈α⊂proportunate␈α⊂share␈α⊂of␈α⊂the␈α⊂total␈α⊂income.␈¬β␈↓ ↓H
␈↓ ↓H
␈↓ ↓H␈¬∧Participation␈α⊂in␈α⊂this␈α⊂plan␈α⊂is␈α⊂entirely␈α⊂voluntary.␈α⊂␈¬αIf␈α⊂you␈α⊂want␈α⊂more␈α∂information,␈↓ ↓H
␈↓ ↓Hplease␈α∂return␈α∂the␈α∂attached␈α∂slip.␈α∂You␈α∂will␈α∂not␈α∂be␈α∂solicited.␈↓ ↓H
␈↓ ↓H␈↓ ↓H
␈¬α␈↓ α@␈↓ β8␈↓ ∧0The Pooled-Income Trust Fund Ad Hoc Committee␈↓ ↓H
␈↓ α@␈↓ β8␈↓ ∧0␈↓ ¬(Leslie Haines, Elmer Hutchisson, Arthur Samuel␈↓ ↓H