Pooled Income Fund

Pooled Income Fund Diagram

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 Retirement Housing 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.

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