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 Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization is a unique financial tool that allows individuals to combine their charitable giving with potential investment income. This fund operates under specific guidelines outlined in a declaration of trust. The Bexar Texas Pooled Income Fund is created by a charitable organization with the aim of providing financial support, resources, and assistance to various charitable causes within the Bexar County and Texas region. It offers individuals an opportunity to contribute funds and receive a partial tax deduction while potentially earning investment income. There are several types of Bexar Texas Pooled Income Funds with Declaration of Trust by Charitable Organizations that cater to the specific needs and preferences of donors. These include: 1. General Pooled Income Fund: This type of fund allows individuals to make contributions, which are then combined into a larger investment pool. The income generated from the investments is distributed to the beneficiaries, typically charitable organizations, in proportion to their shares in the fund. 2. Designated Pooled Income Fund: With this fund, donors have the option to specify one or multiple charitable organizations as beneficiaries. The income generated from the investments is then distributed among the designated organizations according to the donor's wishes. 3. Charitable Remainder Unit rust Pooled Income Fund: In this type of fund, donors contribute assets into a trust, generating income that is distributed to both charitable organizations and beneficiaries named by the donor. After a set period or upon the donor's passing, the remaining assets are transferred to the designated charitable organizations. 4. Charitable Gift Annuity Pooled Income Fund: This fund allows donors to contribute funds to receive fixed annuity payments for life. The remaining funds after the donor's passing are then distributed to the charitable organizations within the trust. The Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization offers numerous advantages for donors. It allows for the creation of a lasting charitable impact while potentially providing donors with a steady source of income. By pooling resources, the fund can also take advantage of professional investment management services to maximize investment returns. Overall, the Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization offers a comprehensive and versatile platform for individuals to contribute to their community's charitable causes while achieving their financial and philanthropic goals.The Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization is a unique financial tool that allows individuals to combine their charitable giving with potential investment income. This fund operates under specific guidelines outlined in a declaration of trust. The Bexar Texas Pooled Income Fund is created by a charitable organization with the aim of providing financial support, resources, and assistance to various charitable causes within the Bexar County and Texas region. It offers individuals an opportunity to contribute funds and receive a partial tax deduction while potentially earning investment income. There are several types of Bexar Texas Pooled Income Funds with Declaration of Trust by Charitable Organizations that cater to the specific needs and preferences of donors. These include: 1. General Pooled Income Fund: This type of fund allows individuals to make contributions, which are then combined into a larger investment pool. The income generated from the investments is distributed to the beneficiaries, typically charitable organizations, in proportion to their shares in the fund. 2. Designated Pooled Income Fund: With this fund, donors have the option to specify one or multiple charitable organizations as beneficiaries. The income generated from the investments is then distributed among the designated organizations according to the donor's wishes. 3. Charitable Remainder Unit rust Pooled Income Fund: In this type of fund, donors contribute assets into a trust, generating income that is distributed to both charitable organizations and beneficiaries named by the donor. After a set period or upon the donor's passing, the remaining assets are transferred to the designated charitable organizations. 4. Charitable Gift Annuity Pooled Income Fund: This fund allows donors to contribute funds to receive fixed annuity payments for life. The remaining funds after the donor's passing are then distributed to the charitable organizations within the trust. The Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization offers numerous advantages for donors. It allows for the creation of a lasting charitable impact while potentially providing donors with a steady source of income. By pooling resources, the fund can also take advantage of professional investment management services to maximize investment returns. Overall, the Bexar Texas Pooled Income Fund with Declaration of Trust by Charitable Organization offers a comprehensive and versatile platform for individuals to contribute to their community's charitable causes while achieving their financial and philanthropic goals.
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.
