Pooled Income Fund
(Complete gift description)
The Pooled Income Fund is one of the
easiest ways to provide income for yourself or others while also
making a generous gift to Woodland Healthcare Foundation. The Fund
operates like a charitable mutual fund. Your gift of cash or securities
is irrevocably combined for investment purposes with gifts from
other donors. Each quarter the Fund pays you your proportional
share of its net income. When you or the last of your income beneficiaries
dies, your portion of the Fund's principal is removed and used
by us for the purpose you designated when you made your gift.
Here are some of the benefits of the Pooled
Income Fund:
- If you contribute appreciated securities to the
Pooled Income Fund, no capital gains tax is payable. This means
that you can contribute appreciated but low-yielding assets and
put the entire amount of your gift to work earning income for
you.
- You will also receive a charitable income tax deduction
for your gift to the Fund, based on the fair market value of
the assets you contributed minus the present value of the life-income
interest you retained.
- You can benefit from the professional investment
management of our organization and our advisors.
- Finally, your donation can diversify your portfolio
if you are too concentrated in one asset.
How do I join the Pooled Income Fund?
- It's easy. You can join the Pooled Income Fund
with a gift of $20000 or more. Additional
contributions may be made with a gift of $1000 or
more. The Fund brings the benefits of a life-income gift into
reach for many donors.
- A simple transfer agreement that we prepare effects
the transaction.
On what are my payments based?
Your quarterly distribution will vary with the
Fund's performance. The Fund is invested for income and modest
capital appreciation, with preservation of capital in mind. We
will give you the Fund's Annual Report, which describes the past
performance and current objectives of the Fund. All payments
from the Pooled Income Fund are taxed to you as ordinary income.
Click here to see
an example of a gift to a pooled income fund.
How do you make a gift to the pooled income fund?
You should consult with an attorney expert in
the area of charitable gifts and estate planning. We will provide
a draft of the Pooled Income Fund transfer agreement for review
by you and your attorney, and we will help you transfer cash or
securities when you make your gift.