Planned Giving
Pooled Income Fund
How It Works
- You transfer cash or securities to the Pooled Income Fund. Our suggested initial minimum gift requirement is $10,000.
- The fund 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.
- The principal attributed to your units passes to Indian River State College Foundation at the passing of the last income beneficiary.
Benefits
- Receive income for life in return for your gift.
- Receive an immediate income tax deduction for a portion of your gift to the fund.
- Pay no capital gains tax on any appreciated assets you donate.
- Income can exceed dividends you were receiving on the securities you donated.
Next
- More detail about Pooled Income Fund.
- Frequently asked questions on Pooled Income Funds.
- Contact us so we can assist you through every step.
Create a Lasting Legacy
Philanthropic planning is a powerful mechanism for meeting personal estate planning objectives while making a meaningful impact on the College’s initiatives and mission. At Indian River State College, we welcome the opportunity to work with estate planners to ensure that your clients find the charitable arrangements that best meet their needs.
Estate-planning options can achieve significant tax benefits while furthering a client’s philanthropic goals:
- Gifts through a will or trust
- Charitable trusts and gift annuities
- Donation of stocks and mutual funds
If your client has already included or intends to include Indian River State College in their will or estate plan, or if you would like someone from IRSC Institutional Advancement to contact you to discuss how to support IRSC as part of their estate planning strategy, please contact us.
