Dartmouth
offers you the option of contributing to a pooled income fund —
a trust that allows irrevocable gifts from separate donors to be
commingled for investment purposes. Each income beneficiary receives
a proportionate share of the fund's annual net income. Upon the
death of the beneficiary, the portion representing the donor's share
of the fund is distributed to Dartmouth for the purpose specified
by the donor.
Dartmouth maintains three
Pooled Income Funds, each with a different investment objective:
- The Samson Occom Pooled Income Fund seeks significant long-term
growth of income. This fund provides the highest tax benefit and
the greatest potential for growth of income of any of the pools.
- The John Ledyard Pooled Income Fund provides moderate growth
income and an ample current yield.
- The Old Pine Pooled Income Fund is designed to provide a generous
current yield and a high degree of safety from market uncertainties.
This fund is particularly appealing and appropriate for older
beneficiaries.
Pooled Income Funds Benefits
- The satisfaction during your lifetime from the future support
of Dartmouth you have made possible;
- Payments for life, to you and/or other beneficiaries you may
designate;
- An immediate tax deduction for a portion of the value of your
gift;
- An opportunity to increase your income from low-yield, highly
appreciated assets while totally avoiding long-term capital gain
tax on the appreciation; and
- Reduced estate taxes.
A pooled income fund donor realizes a charitable
deduction for a portion of the gift's value in the year the gift
is made. In addition, the donor avoids capital-gains tax on transfers
of long-term appreciated securities. Distributions are taxed as
ordinary income, and typically one or two beneficiaries are designated
by a donor. |
