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Pooled Income Fund

Charity accepts a gift of cash or stock, invests it with similar gifts from other donors and then distributes a proportionate share of earnings to the donor.  A person may desire to leave property to charity at death but currently needs to supplement income. A donor gives cash or stock to the charity.   The charity issues shares of its pooled income fund to the donor.  The donor receives earnings from the pooled income fund for life with the remainder going to charity.

Bypass Gain
The donor bypasses gain when appreciated property is sold by the pooled income fund.

Tax Deduction
The donor receives a current federal income tax deduction.

Increased Income
The donor receives a percentage of the pooled income fund earnings every year. Donor transfers cash or appreciated property to the pooled income fund (PIF) and receives an income tax deduction for the present value of the remainder interest at the donor’s death.

Tax-Free Sale
The PIF sells the appreciated property and all capital gain is bypassed.

Reimbursement
The cash or property sale proceeds are invested as part of the pooled fund.

Annual Income
The donor receives a percentage of the PIF earnings each year. These earnings are usually taxed to the donor as ordinary income.

Since the information on this site is not intended as legal, tax, or investment advice, it is highly recommended that prospective donors consult with their own tax or legal advisers prior to making a planned gift.

If you simply would like a to have a Mayan Families Planning representative contact you about options available, please contact:

Dwight Poage
Mayan Families
2609 Hartford St.
San Diego, CA. 92110-2315
Tel:      619-550-2608
Web:    www.mayanfamilies.org
E-mail: dwight@mayanfamilies.org