What are the benefits of the pooled income fund?
A. A charitable pooled income fund is a giving vehicle put in place by a charity for its donors. Contributions to the fund pay income to the donor for life. At death, whatever is left in the donor’s account passes to Canine Companions. Here are some highlights of the Pooled Income Fund: The Fund pays you or your beneficiary(ies) quarterly income for life. Payments will fluctuate with changing economic conditions. Contributions to the Fund are tax deductible for those who itemize. How much you can deduct is determined by the amount of your contribution and the age of the beneficiary you select. The older the beneficiary, the greater the deduction. Contributors often give appreciated securities to the Pooled Income Fund because the fund can sell these securities without being subject to capital gains tax. After the death of all beneficiaries, the gift principal passes to Canine Companions for Independence to support its work. The gift principal is not subject to estate tax. The initial m
