Pooled Income Funds – A type of charitable irrevocable trust established and maintained by FINCA International – a qualified non-profit organization. It gets its name from the fact that contributors’ resources are pooled for investment purposes, although there is no collaboration among donors.
A Pooled Income Fund allows you and/or your designated beneficiaries to receive regular income distributions for life according to your units of participation and the performance of the investments held by the trust.
Benefits:• Income, gift, and estate tax deductions |
How Does a Pooled Income Fund Gift Work?
The pooled income fund receives contributions from individual donors that are commingled for investment purposes within the fund. The fund invests the contributions to provide dividends for the fund contributors or their designated beneficiaries. Contributors receive income distributions during their lifetimes. The amount of income received varies and depends on the performance of the investment held by the trust. At the end of the term, the fund distributes the remaining assets to FINCA.
Need More Information?If you have any questions about creating a FINCA pooled income fund fund, we would be happy to assist you. |
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Additional Information
Acceptable Contributions
Generally, you can contribute any liquid asset to a pooled income fund. Commonly used assets include:
- Cash and/or equivalents
- Securities
- Mutual funds
- Privately held stock and restricted stock (subject to approval by FINCA’s Gift Acceptance Committee)
- Gifts of short-term or tax -exempt securities are not acceptable
