Pooled Income Fund The Pooled Income Fund is one of the easiest ways to provide income for yourself or others while also making a generous gift to Michigan State University. The Fund operates like a charitable mutual fund. Your gift of cash or securities is irrevocably combined for investment purposes with gifts from other donors. Each quarter the Fund pays you your proportional share of its net income. When you or the last of your income beneficiaries dies, your portion of the Fund's principal is removed and used by us for the purpose you designated when you made your gift. Here are some of the benefits of the Pooled Income Fund:
How do I join the Pooled Income Fund?
On what are my payments based? Your quarterly distribution will vary with the Fund's performance. The Fund is invested for income and modest capital appreciation, with preservation of capital in mind. We will give you the Fund's Annual Report, which describes the past performance and current objectives of the Fund. All payments from the Pooled Income Fund are taxed to you as ordinary income. Click here to see an example of a gift to a pooled income fund. How do you make a gift to the pooled income fund? You should consult with an attorney expert in the area of charitable gifts and estate planning. We will provide a draft of the Pooled Income Fund transfer agreement for review by you and your attorney, and we will help you transfer cash or securities when you make your gift. For more information Email us, complete the personal illustration form, or call us at (517) 884-1068 so that we can assist you through every step of the process. Michigan State University Planned Giving content ©2008 VirtualGiving | Disclaimer & Privacy Notice |
