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PLANNED GIVING
Pooled Income Fund
How it works
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You transfer cash or securities to the Pooled Income Fund trust established by Taft.
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The trust 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.
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The principal attributed to your units passes to Taft when the last income beneficiary dies.
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Benefits
- You receive gift credit and an immediate income tax deduction for a portion of your gift to the trust.
- You pay no capital gains tax on any appreciated assets you donate.
- Although modest, the income usually exceeds the level of stock dividends.
- You can have the satisfaction of making a gift that benefits you now and Taft later.
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