Pooled Income Fund
How it works
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You transfer cash or securities to the pooled income fund.
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The trust issues you units, like a mutual fund, and pays you, or up to two income beneficiaries you name, the annual income attributable to your units for life.
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The principal attributed to your units passes to PENN Medicine when the last income beneficiary dies.
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Benefits
- You receive gift credit and an immediate income tax deduction for a portion of your gift to the trust.
- You pay no capital gains tax on any appreciated assets you donate.
- Income can exceed dividends you were receiving on the securities you donated.
- You have the satisfaction of making a gift that benefits you now and PENN Medicine later.
For more information
Email us, complete the personal illustration form, or call us at 215-898-9486 so that we can assist you through every step of the process.
PENN Medicine
Christine S. Ewan, J.D.
Director, Planned Giving
3535 Market Street, Suite 750
Philadelphia, PA 19104-3309
215-898-9486 | Fax: 215-573-2186
E-mail: cewan@upenn.edu
