Gifts to each fund are invested together with gifts from other donors and the income earned by the fund each year is shared among the participants. The income stream will vary depending on the types of assets held by a given fund and the performance of these assets.
Donors receive a charitable income tax deduction for a portion of their gift.
Wellesley has three pooled income funds with different investment objectives. The Wellesley College High Yield Fund Invested primarily in bonds and other fixed-income securities with the goal of maximizing current income. Beneficiary should be at least 65 years old. Beneficiary should be at least 55 years old. The Wellesley College Growth Fund Invested primarily in stocks .