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.
Phoenix Arizona Pooled Income Fund with Declaration of Trust by a Charitable Organization is a unique investment vehicle that combines philanthropy with financial planning. This fund allows individuals to contribute their assets, such as cash, securities, or real estate, to a pool of funds managed by a charitable organization for the purpose of generating income. The income generated from these assets is then distributed to beneficiaries, while the principal remains with the charitable organization to support their charitable endeavors. The Phoenix Arizona Pooled Income Fund with Declaration of Trust offers several benefits to both donors and beneficiaries. Donors can enjoy an immediate income tax deduction for their contributions to the fund, as well as the potential for reducing capital gains taxes if they contribute appreciated assets. Additionally, this fund provides donors with the flexibility to designate themselves or others as income beneficiaries, ensuring a steady stream of income throughout their lifetime or for a specified period. Beneficiaries of the Phoenix Arizona Pooled Income Fund with Declaration of Trust receive regular income payments based on a fixed percentage of the net income generated by the fund. This fixed income can be particularly attractive for individuals seeking a predictable income stream in retirement or as part of their overall financial planning strategy. Moreover, beneficiaries also have the satisfaction of knowing that their investments are supporting the work of the charitable organization managing the fund. In Phoenix, Arizona, there are a few variations of the Pooled Income Fund with Declaration of Trust offered by various charitable organizations. These may include: 1. Community Foundation Pooled Income Fund: This type of fund is managed by a community foundation based in Phoenix, Arizona. It allows donors to contribute to a pool of funds dedicated to supporting various community projects, programs, and nonprofits. 2. University Pooled Income Fund: As the name suggests, this fund is managed by a university in Phoenix, Arizona, with the goal of supporting education, research, scholarships, and other educational initiatives. 3. Healthcare Pooled Income Fund: This fund is specifically designed to support healthcare-related causes and is managed by a healthcare-focused charitable organization in Phoenix, Arizona. Donors to this fund can contribute to advancements in medical research, patient care, and other healthcare initiatives. In summary, the Phoenix Arizona Pooled Income Fund with Declaration of Trust by a Charitable Organization is an innovative and philanthropic investment option that allows individuals to support charitable causes while still providing themselves or their designated beneficiaries with a stable income stream. This fund offers tax advantages, flexibility, and the opportunity to make a lasting impact on the community or causes individuals care about.Phoenix Arizona Pooled Income Fund with Declaration of Trust by a Charitable Organization is a unique investment vehicle that combines philanthropy with financial planning. This fund allows individuals to contribute their assets, such as cash, securities, or real estate, to a pool of funds managed by a charitable organization for the purpose of generating income. The income generated from these assets is then distributed to beneficiaries, while the principal remains with the charitable organization to support their charitable endeavors. The Phoenix Arizona Pooled Income Fund with Declaration of Trust offers several benefits to both donors and beneficiaries. Donors can enjoy an immediate income tax deduction for their contributions to the fund, as well as the potential for reducing capital gains taxes if they contribute appreciated assets. Additionally, this fund provides donors with the flexibility to designate themselves or others as income beneficiaries, ensuring a steady stream of income throughout their lifetime or for a specified period. Beneficiaries of the Phoenix Arizona Pooled Income Fund with Declaration of Trust receive regular income payments based on a fixed percentage of the net income generated by the fund. This fixed income can be particularly attractive for individuals seeking a predictable income stream in retirement or as part of their overall financial planning strategy. Moreover, beneficiaries also have the satisfaction of knowing that their investments are supporting the work of the charitable organization managing the fund. In Phoenix, Arizona, there are a few variations of the Pooled Income Fund with Declaration of Trust offered by various charitable organizations. These may include: 1. Community Foundation Pooled Income Fund: This type of fund is managed by a community foundation based in Phoenix, Arizona. It allows donors to contribute to a pool of funds dedicated to supporting various community projects, programs, and nonprofits. 2. University Pooled Income Fund: As the name suggests, this fund is managed by a university in Phoenix, Arizona, with the goal of supporting education, research, scholarships, and other educational initiatives. 3. Healthcare Pooled Income Fund: This fund is specifically designed to support healthcare-related causes and is managed by a healthcare-focused charitable organization in Phoenix, Arizona. Donors to this fund can contribute to advancements in medical research, patient care, and other healthcare initiatives. In summary, the Phoenix Arizona Pooled Income Fund with Declaration of Trust by a Charitable Organization is an innovative and philanthropic investment option that allows individuals to support charitable causes while still providing themselves or their designated beneficiaries with a stable income stream. This fund offers tax advantages, flexibility, and the opportunity to make a lasting impact on the community or causes individuals care about.
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.
