Pooled Life Income Fund – The "Charitable Mutual Fund" Gift

A Pooled Life Income Fund (PIF) is like a charitable mutual fund. Your gift of cash or securities to Trinity School's Pooled Life Income Fund is combined with other gifts in the fund, and you and/or the beneficiaries you name receive quarterly income on a pro-rata basis. The amount distributed varies with the fund’s investment performance. When the last income beneficiary of your gift dies, the principal attributable to your gift is removed from the fund and used by Trinity for the purpose you designate. Minimum gift is $??,???. Additional gifts of $??,??? are welcome. Income beneficiaries must be age 55 or older.

What are the advantages?

• There is no cost connected with setting up a PIF gift.
  
• You receive a charitable deduction for a portion of your gift.
  
• You and/or your named beneficiaries receive income for life.
• You avoid all capital gains tax on any appreciated assets you donate.
  
• The assets you contribute will be removed from your estate, which may reduce your estate tax exposure.
• You can have the satisfaction of making a substantial gift to Trinity School.

Example

A 65-year-old donor in the 35% bracket contributes $10,000 in appreciated stock, originally purchased for $2,000, to Trinity School's Pooled Life Income Fund. Donor is the income beneficiary. Assume the Fund is currently yielding 4.0%.

PLEASE NOTE: This example is for illustration purposes only and is not intended as legal or tax advice. Consult your legal and tax advisors prior to making any material decisions based on this data.

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For more information

E-mail us, complete the Personal Illustration form, or call us at 212-932-6859 so that we can assist you.