The Heritage Society Pooled Income Funds
A pooled income fund is similar to a mutual fund. Your contribution is commingled with the gifts of other donors for investment purposes; you or your named beneficiary receive annual interest and dividend income based on your pro rata share of the fund’s units. At the end of the lifetime of the income beneficiaries, the value of your units in the fund at that time becomes available for the College’s use.
Capital gains taxes are completely avoided when long-term appreciated assets are transferred to the fund, and an immediate charitable income tax deduction is available.
What is a pooled income fund?
Gift agreement with Wheelock that pays you variable income for life
Why should I contribute to a pooled income fund?
Secure an income stream for life
When should I contribute to a pooled income fund?
Best for those in retirement years
What are the benefits?
A gift to Wheelock
Variable income for life based on the market value
of the fund
Income tax charitable deduction
Reduced capital gains taxes
on appreciated assets
How is this gift funded?
Typically funded with cash, appreciated securities, or credit card
$10,000
minimum gift to create a pooled income fund
Subsequent additions
to an established pooled income fund may be smaller
