Pooled Income Fund
How It Works
- You transfer cash or securities to the Pooled Income Fund. Our suggested initial minimum gift requirement is $10,000.
- The fund issues you units, like a mutual fund, and pays you (or up to two income beneficiaries you name) the annual income attributable to your units for life.
- The principal attributed to your units passes to Saint Joseph High School at the passing of the last income beneficiary.
Benefits
- Receive income for life in return for your gift.
- Receive an immediate income tax deduction for a portion of your gift to the fund.
- Pay no capital gains tax on any appreciated assets you donate.
- Income can exceed dividends you were receiving on the securities you donated.
Next
- More detail about Pooled Income Fund.
- Frequently asked questions on Pooled Income Funds.
- Contact us so we can assist you through every step.