Pooled Income Funds

What are they?

A pooled income fund is an arrangement in which you make an irrevocable gift to a fund at the Foundation. The assets are commingled with other donors' gifts to create a single fund and the Foundation manages and controls the assets. The amount of income paid to the income beneficiaries is based on your proportionate share of the fund. When the last income beneficiary dies, the remaining principal of your gift is used to create or add to an endowment fund. 

The Foundation offer two types of pooled income funds:

• a pooled balanced fund that provides a modest amount of income with potential growth of income and principal over time and
• a pooled income fund that is structured to produce higher income.

What are the benefits?

• Charitable income tax deduction
• Capital gains not applicable on gifts of appreciated assets
• Asset diversification
• Opportunity for increased income

How to establish

Please contact us for a detailed illustration of the tax treatment and benefits.

Minimum contribution

$10,000; additional gifts may be made to the fund in $1,000 increments.