The Union College Pooled Life-Income Fund
How Does It Work
- Sign pooled life-income fund agreement outlining beneficiaries, etc.
- Transfer cash or appreciated securities to trustee
- Gift will be co-mingled with similar gifts of other donors and invested and managed by trustee
- Trustee makes quarterly payments to income beneficiaries for their lifetimes
- Remainder to Union College for purposes you specify
Benefits
- Income to one or more beneficiaries that will vary annually with the value of the pooled fund assets
- Federal income-tax deduction for the charitable remainder value of your gift
- No capital-gain tax when appreciated assets are donated and sold
- Pooled fund remainder will provide generous support for Union College
Request a Calculation
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