Pooled Income Funds
A pooled income fund is a charitable gift plan that allows you to provide income to yourself and/or another individual for life while making a generous gift to the Foundation. Your irrevocable gift of cash, securities, bonds or other property of value is invested together (pooled) with the gifts of all other donors to the fund, much like a mutual fund.
Each quarter, your proportional share of the fund’s income is distributed to the income beneficiaries you have named. The amount of your quarterly payment varies with investment performance of the fund.
Benefits of a Pooled Income Fund gift:
- Provide quarterly lifetime income payments to yourself and/or a loved one.
- Provide you with payments that have the potential to grow (depending on the earnings of the fund).
- Earn an immediate charitable income tax deduction.
- Allow you to avoid capital gains tax if you donate appreciated securities that you have held for more than one year.
- Enables you to make additional contributions as low as $2,000 to the fund at any time.
Watson Clinic Foundation Inc. qualifies under 501(c)(3) of the IRS code. Our Federal Tax ID number is 59-1100876.
A COPY OF THE OFFICIAL REGISTRATION AND FINANCIAL INFORMATION MAY BE OBTAINED FROM THE DIVISION OF CONSUMER SERVICES BY CALLING TOLL-FREE (800-435-7352) WITHIN THE STATE. REGISTRATION DOES NOT IMPLY ENDORSEMENT, APPROVAL, OR RECOMMENDATION BY THE STATE.