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A pooled income
fund is another type of gift partnership
that enables you to give to Cape Cod
Healthcare Foundation while, in return,
receiving a lifetime income. Similar
in operation to a mutual fund, donor
gifts to the Foundation are combined
for investment purposes, with the
income earned paid to the beneficiaries
proportionately. Upon the death of
the last beneficiary, your gift amount
is distributed to the Foundation for
use in the purpose that you designate.
The Foundation’s
pooled income fund is managed by a
third-party financial firm and is
currently paying approximately 4.5
percent on an annual basis, although
this is not guaranteed as the rate
of payment fluctuates with changes
in economic conditions. Income earned
is paid quarterly.
- Satisfaction
in knowing that your gift will make
a difference at Cape Cod Healthcare
- Generates
an income stream
- A substantial
income tax deduction
- Capital
gains tax avoided on gifts of appreciated
securities
To request
additional information on this topic,
click here.
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