Pooled Income Fund: The Details

A PIF works like a mutual fund by pooling and investing donations and paying the beneficiary an income for life. And if you donate appreciated assets, you pay no capital gains tax.

Our Pooled Income Fund offers you the benefits of a charitable mutual fund. It accepts contributions from multiple donors and invests the funds jointly, in a mix of bonds and equities. Each contributor receives a pro-rata share of the fund's dividend and interest income. Income payments vary based on the fund's performance. After the death of each donor/beneficiary, his or her share of the fund is transferred to Audubon to be used as designated in the gift agreement.

A Deduction and No Capital Gains Tax

You can contribute appreciated securities to our Pooled Income Fund with no capital gains tax, thus putting the entire amount of your gift to work earning income for you. You also receive a charitable income tax deduction for your gift, based on the value of the assets you transferred minus the present value of the income interest you retain.

Professional Management

The Pooled Income Fund is managed by experienced investment management firms. You also gain the added security of diversifying your portfolio by exchanging heavily held assets for shares in the Fund.

The Fund accepts initial gifts at a minimum of $20000, and additional contributions of $1000 or more, making the benefits of a life income gift available to many donors.

Please contact us so that we can assist you through every step of the process.

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