A pooled income fund is an irrevocable trust established and maintained by a public charity to which many donors can make contributions. Generally, it works as follows:
" Contributions received from individual donors are commingled for investment purposes.
" Each year, the donor (or the donor's designated income beneficiary) receives a distribution in an amount equal to the donor's pro rata share of the fund's net investment income.
" At the death of the income beneficiary, the portion of the fund attributable to the donor's gift is severed from the fund and distributed to a charity or charities of the donor's choice.
In the year of contribution, the donor may be entitled to an income tax charitable deduction.
Contributions are treated as gifts to a public charity for purposes of the income tax deductibility limitations.
The pooled income fund may accept appreciated assets from a donor and sell the appreciated property without the donor incurring immediate recognition of capital gains. If the property is encumbered by debt, other rules apply. The gift to a pooled income fund qualifies for the charitable gift and estate tax deduction. However, gift or estate tax may be incurred if the income interest is payable to someone other than the donor or the donor's spouse.
The Wyoming Pooled Income Fund with Declaration of Trust by Charitable Organization is a financial vehicle established by nonprofit entities to assist individuals in preserving their charitable legacies and optimizing tax benefits. It operates as a trust structure that combines the contributions of multiple donors into a single investment pool. By pooling funds, it generates income that is distributed amongst the beneficiaries on a pro rata basis. The Wyoming Pooled Income Fund offers various types tailored to suit different philanthropic goals and needs. Some notable variations include: 1. Charitable Remainder Unit rust: This specific type of Wyoming Pooled Income Fund allows donors to allocate a fixed percentage of the trust's net fair market value to the beneficiaries. The income generated by the trust assets is shared amongst the designated beneficiaries for a specified period of time or the lifetime of the beneficiaries. 2. Charitable Remainder Annuity Trust: In this variant, donors receive a fixed annual income from the trust based on an agreed-upon percentage of the initial value of the assets contributed. This income is disbursed for a predetermined period or the lifespan of the beneficiaries. 3. Charitable Gift Annuity: Although not technically a pooled income fund, this option is worth mentioning as it shares similarities with Wyoming Pooled Income Funds. Donors contribute funds to a charitable organization and receive a fixed income for life. Upon the donor's passing, the remaining funds are directed towards the designated charitable cause. The Declaration of Trust by Charitable Organization is a legal document that establishes the terms and conditions of the Pooled Income Fund. It outlines the rights, responsibilities, and distributions of income to beneficiaries, while ensuring compliance with Wyoming state laws and regulations. It typically includes provisions for asset management, disbursements, beneficiary selection, and procedures for adding or removing donors. By choosing to participate in a Wyoming Pooled Income Fund with Declaration of Trust by Charitable Organization, individuals can enjoy several benefits. These include an immediate income tax charitable deduction for a portion of the contribution, potential reduction in capital gains taxes, and the satisfaction of supporting charitable causes and organizations. Additionally, donors can leverage the fund to strategically plan for their financial future while supporting worthy causes throughout their lifetime.The Wyoming Pooled Income Fund with Declaration of Trust by Charitable Organization is a financial vehicle established by nonprofit entities to assist individuals in preserving their charitable legacies and optimizing tax benefits. It operates as a trust structure that combines the contributions of multiple donors into a single investment pool. By pooling funds, it generates income that is distributed amongst the beneficiaries on a pro rata basis. The Wyoming Pooled Income Fund offers various types tailored to suit different philanthropic goals and needs. Some notable variations include: 1. Charitable Remainder Unit rust: This specific type of Wyoming Pooled Income Fund allows donors to allocate a fixed percentage of the trust's net fair market value to the beneficiaries. The income generated by the trust assets is shared amongst the designated beneficiaries for a specified period of time or the lifetime of the beneficiaries. 2. Charitable Remainder Annuity Trust: In this variant, donors receive a fixed annual income from the trust based on an agreed-upon percentage of the initial value of the assets contributed. This income is disbursed for a predetermined period or the lifespan of the beneficiaries. 3. Charitable Gift Annuity: Although not technically a pooled income fund, this option is worth mentioning as it shares similarities with Wyoming Pooled Income Funds. Donors contribute funds to a charitable organization and receive a fixed income for life. Upon the donor's passing, the remaining funds are directed towards the designated charitable cause. The Declaration of Trust by Charitable Organization is a legal document that establishes the terms and conditions of the Pooled Income Fund. It outlines the rights, responsibilities, and distributions of income to beneficiaries, while ensuring compliance with Wyoming state laws and regulations. It typically includes provisions for asset management, disbursements, beneficiary selection, and procedures for adding or removing donors. By choosing to participate in a Wyoming Pooled Income Fund with Declaration of Trust by Charitable Organization, individuals can enjoy several benefits. These include an immediate income tax charitable deduction for a portion of the contribution, potential reduction in capital gains taxes, and the satisfaction of supporting charitable causes and organizations. Additionally, donors can leverage the fund to strategically plan for their financial future while supporting worthy causes throughout their lifetime.
Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.
