RECEIVE THE ADVANTAGES OF THE
POOLED INCOME FUND

Perhaps your asset is smaller than what is required for a trust or other charitable giving instrument. And you want the advantage of the type of investments made with larger funds. A pooled income fund may have advantages for you.

Here’s How it Works

With the pooled income fund your investment is added to gifts of others into a single pooled fund. The entire fund is invested by a trustee. Contributors to the fund receive a proportionate share of the income from the fund each year. The income received may vary from year to year based upon the net investment earnings of the fund. 

The beneficiary of your gift to the Pooled Income Fund may be yourself or other persons living at the time assets are transferred to the fund. Upon the death of the last surviving beneficiary, the shares are transferred to the institution you have named.

Here’s a Summary of the Benefits

Investment income payable each year on the shares contributed to the fund will be paid to you or your beneficiary. A charitable deduction will be available based on the value of the remainder of the interest passed on to the institution you have named. There is no gift tax due because the value of the remainder interest qualifies for the gift tax deduction. You may avoid capital gain tax on appreciated property used to fund a pooled income fund agreement.

You will be taxed on your proportionate share of the earnings of the fund. There may be some estate tax considerations; however, they are usually deducted as a charitable contribution on the estate tax return. If you are the sole income beneficiary, there is no gift or estate tax due.

All pooled income funds for the Seventh-day Adventist Church are maintained and carefully invested through the General Conference Pooled Income Fund.

If you’re looking for a good rate of return with your asset passing to the Church and don’t want to be locked into a fixed rate gift annuity determined by age, the Pooled Income Fund Agreement is worth your consideration.

To find out more, call Planned Giving and Trust Services today at 1 877 WILLPLAN® (1 877 945-5752) or complete the “Contact Us“ form.