Planned Gifts - A Gift Designed for Growth, Then Income Back to You
The UF Pooled Income Fund combines the gifts of several donors who desire to support the University of Florida. All of the gifts are pooled together and invested. Each donor (or a selected beneficiary) receives a pro rata share of the fund's income each year. At the death of the income recipient, the charity receives the donor's share of the fund's corpus. Therefore, the donor is eligible for a tax deduction in the year the gift is made.
The UF Pooled Income Fund has been specially designed for DONORS IN THEIR FORTIES OR EARLY FIFTIES who are looking for ways to fund their retirements. Our pooled income fund will be invested for growth of principal (rather than income) until 2015. During this period of growth, the type of donor who might consider a gift to our pooled income fund will presumably be working and thus will not have a strong need for income. At about the time the donor will be approaching retirement age, the investment emphasis of the pooled income fund will change to focus on producing income.
