If the gift is funded with appreciated stock, any capital gain that you might owe would be spread over the life of the annuity. The pooled life income fund gives you many of the advantages of a charitable trust for a much smaller gift. This fund operates like a mutual fund for donors, pooling the gifts of many individuals. You are assigned units in the pooled income fund based on the value of your gift and the value of other assets in the fund at the time of the gift. All gifts to the fund are invested in safe, income-producing instruments.
All income earned by the fund is distributed to the participants.
In addition to an income for life, you will receive immediate tax benefits including a partial income tax deduction, an avoidance of any capital gains if you use appreciated stocks, and the removal of the amount of your gift from your taxable estate. At the end of your life the principal of your gift will be used by the University for purposes you determine when you make your gift. The pooled life fund offers a giving alternative if you live in a state which does not permit the issuing of charitable gift annuities. There are a variety of ways life insurance can be incorporated into your giving plans. There are several ways you can do so.