Pooled Income Fund
Our Pooled Income Fund offers you the benefits of a charitable mutual fund. It accepts contributions from multiple donors and invests the funds jointly, in a mix of bonds and equities. Each contributor receives a pro-rata share of the Fund's dividend and interest income, paid quarterly. Income payments vary based on the Fund's performance. After the death of each donor/beneficiary, his or her share of the Fund is transferred to the Sanford program originally designated in the gift agreement.
You can contribute appreciated securities to our Pooled Income Fund with no reduction for capital gains tax, thus putting the entire amount of your gift to work earning income for you. You also receive a charitable income tax deduction for your gift, based on the value of the assets you transferred minus the present value of the income interest you retained.
The Pooled Income Fund is managed by experienced investment management firms. You also gain the added security of a diversifying your portfolio by exchanging heavily held assets for participating in the Fund.
The Fund accepts initial gifts at a minimum of $10,000, and additional contributions of $5,000 or more, making the benefits of a life income gift available to many donors.
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Example*
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Assumption:
Donors: Husband and Wife, 70 and 68
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*This example is based on a factor that changes monthly. Contact our office for a personal illustration based on the latest rates.
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Tax and Income Benefits of the Pooled Income Fund
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Contribution:
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$10,000 cash
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Current Income Rate:
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5%
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First Year's Income
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$500 (variable)
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Charitable Deduction
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$4,879
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To learn more about our Pooled Income Fund, Email us, complete the Information Request form, or call us at 302-239-5263 ext. 279 so that we can assist you.
