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Pooled Income Fund
The Pooled Income Fund (PIF) operates like a charitable mutual
fund. Your gift of cash or securities to Abington Memorial Hospital Foundation's Pooled Income Fund is combined with other gifts in the fund, and you and/or the
beneficiaries you name receive quarterly income on a pro-rata basis. The amount
distributed varies with the fund’s investment performance. When the
last income beneficiary of your gift dies, the principal attributable to your
gift is removed from the Fund and used by AMHF for the
purpose you designate. Minimum gift is $50,000. Additional
gifts of $1,000 or more are welcome. Income beneficiaries must
be age 55 or older.
What are the advantages?
- You receive a charitable deduction for a portion of your gift.
- You and/or your named beneficiaries receive income for life.
- You avoid all capital gains tax on any appreciated assets you
donate.
- The assets you contribute will be removed from your estate,
which may reduce your estate tax exposure.
- There is no cost connected with setting up a PIF gift.
- You can have the satisfaction of making a substantial gift
to Abington Memorial Hospital Foundation.
Example
A 65-year-old donor in the 35% bracket contributes $10,000 in appreciated stock, originally purchased for $2,000, to Abington Memorial Hospital Foundation's Pooled Life Income Fund. Donor
is the income beneficiary. Assume the Fund is currently yielding 4.0%.
Charitable
deduction |
$5,396 |
Income
tax savings (35%) |
$1,889 |
Capital
gains savings (15%) |
$1,200.00 |
Est.
income (first year) |
$400.00 |
PLEASE NOTE: This example is for illustration purposes
only and is not intended as legal or tax advice. Consult your legal and tax
advisors prior to making any material decisions based on this data.
Send me a Personal Illustration!
For more information
If you are considering this gift, please complete the personal illustration form so that we can assist you through every step of the process or contact us at:
Abington Memorial Hospital Foundation
1200 Old York Road
Abington, PA 19001
215-481-4019 | Fax: 215-481-4019
E-mail: acarthy@amh.org
*Notice: Consult your legal and tax advisors before making any material decisions based on this information.
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