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\F1 Dear Fellow Sequoian:  \F4Have you counted your blessings today?\F3

\J\F2A clean, safe, comfortable home amid harmonious gardens, nestled in
sylvan hills and with open sky above - Three nourishing meals a day
without the drudgery of preparation, cooking and washing up - Association
with congenial, stimulating neighbors and friends - A selection of
recreational activities if desired - And above all, health care and
protection from catastrophic medical expense.\F3

\F4Have you ever thought that this was all too good to be true and wished you
could do something to assure its continued availability?\F3

\F2It is becoming increasingly difficult for the NCPH to maintain the
satisfactory standard of living that has been the hallmark of The Sequoias
and at the same time to limit increases in monthly fees in consideration
of those residents whose resources are being strained by inflation.\F3

\F2Many residents have made gifts to the Sequoias-Portola Valley to
improve and expand facilities and their generosity has been deeply
appreciated by all.  Others will continue to make such gifts from time to
time but inflation is forcing many of us to husband our resources.\F3

\F4There may still be a way in which you can help.\F3

\F2You could do this by making an irrevocable gift to The Sequoias while
retaining the income from the gift for life (and for the life of
a surviving spouse).  You would, of course, be able to specify the purpose to
which the gift eventually is to apply.  The Residents' Council has
appointed an Ad Hoc Committee to work with the NCPH Board of Directors to
establish a Pooled-Income Trust Fund which will make this possible.  This
Fund should not be confused with the NCPH Endowment Fund that was set
up a few years ago for making bequests in a will.\F3

\F2This new method of giving should be particularly attractive to residents
who would like to make a substantial gift to The Sequoias but who do not
wish to reduce their current income.  Gifts to the fund will, of course,
reduce the size of the donor's residual estate and should only be
considered by those who either have no heirs or whose heirs can still be
adequately remembered.\F3

\F2The donor's after-tax income will usually be temporarily increased as a
result of the gift, since, under Internal-Revenue-Service regulations,
approximately one half of the total gift may be claimed as a charitable
deduction.  An additional advantage may accrue if the gift is in
low-yield securities on which a capital gains tax would be due were they
to be sold by the donor.  All gifts to the fund are pooled and 
reinvested in such a way as to produce a maximum yield consistant with
security.  Each donor then receives his or her proportunate share of the total
income.\F3

\F4Participation in this plan is entirely voluntary.  If you want more
information, please return the attached slip.  You will not be solicited.\.\F3

\F2			The Pooled-Income Trust Fund Ad Hoc Committee
				Leslie Haines, Elmer Hutchisson, Arthur Samuel