Giving Now
Pooled Income Fund
A Pooled Income Fund allows you to make a gift immediately and gain savings while retaining income for life
A Pooled Income Fund allows you to make a gift immediately and gain savings while retaining income for life through a transfer of cash or securities to Maryknoll.
The Maryknoll Pooled Income Fund Trust is a separate and professionally managed Trust whereby donors’ gifts are pooled into a larger account for investment purposes. Each donor receives shares in the Trust based on the value per share at the time of gift. All income earned by the Trust is distributed quarterly to the participants on a pro-rata basis according to the number of shares owned. When appreciated securities are used to fund your gift to the Trust, capital gain taxes are avoided altogether. Participants are entitled to an immediate charitable contribution deduction equal to the estimated remainder value available to Maryknoll at the time of death of the participant.
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Name: |
Marie Gardner |
| Age: |
60 |
| Situation: |
Wants to make a sizable donation, yet retain income for life. |
| Gift Plan: |
Donated to the Maryknoll Pooled Income Fund. |
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Marie Gardner, owned appreciated stock with a value of $50,000. She donated it to the pooled income fund to eventually fund apostolic programs and reserve an income interest for life. She did not pay capital gains tax and since the stock paid no dividends, she increased her income. She also qualifies for an income tax deduction of $16,957.
Case Studies are composites of Maryknoll Donors. The names and images are fictional but the cases use real data and situations. Figures are for demonstrational purposes only. |
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