Pooled Income Funds: A hedge against inflation
I always felt that the education I received at Wheaton was the best to be had. It certainly contributed to the formation of many friendships and prepared me for my life's work. It gives me a great sense of satisfaction to be able to provide through the pooled income fund, a gift to Wheaton which eventually will be used by the college for scholarships for students yet to attend.
A pooled income fund combines and invests your gift with the gifts of others and pays your proportionate share of the fund's yield to you for life, or to persons whom you designate for their lifetimes.
What is a pooled income fund?
A Wheaton pooled income fund is a trust to which many donors make gifts. Wheaton oversees the management of the funds, and you or your designated beneficiaries retain the right to receive income. You contribute to a pooled fund with cash or marketable securities (excluding tax-exempt bonds) and your contribution generates a current charitable income tax deduction for a portion of the gift. Wheaton maintains a pooled fund whose objective is a balanced approach to growth and income. The minimum gift is $10,000 for individuals 55 and older. Additional gifts to your fund may be made in increments of $1000 or more.
Is a pooled income fund right for you?
If you seek protection of a diversified investment portfolio, appreciate the opportunity to select a suitable combination of investment yield and growth, and want to provide future financial stability for Wheaton, then a pooled fund might be right for you.
A pooled income fund is particularly appropriate if you anticipate making additional life income gifts or you want a convenient way in which to build your gifts toward the funding of a permanent endowment fund at Wheaton.
Benefits to You
You are able to make a significant gift to Wheaton and add to that gift at any time.
You receive an immediate income tax deduction for a portion of the gift.
Wheaton's expert investment committee oversees the management of the funds.
This page is maintained by The Office of Gift Planning. Last updated on 9/27/06.
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