Pooled Income Fund
Many people have a strong desire to support Long Beach Community Medical Center, yet currently do not have the funds available to make an outright gift. The Pooled Income Fund is the answer offering donors a lifetime of income, a variety of tax benefits, and the satisfaction that comes from fulfilling their charitable interest.Much like a mutual fund, the Pooled Income Fund gives small donors the "financial clout" of large donors.
Gifts of $5,000 - $250,000 are "pooled" together into one central fund allowing donors to obtain many of the advantages previously enjoyed only by sizable, individually-administered charitable remainder trusts. A donor and a second beneficiary receive quarterly income payments based upon the fund's rate of return during their lifetimes. Afterwards, the gift will assist Long Beach Community Medical Center in its goal of providing quality patient care.
Advantages of Pooled Income Fund membership:
- Charitable deduction
- Possible avoidance of capital gains tax
- Estate tax savings
Call the Long Beach Community Medical Center Foundation at (562) 498-4536 to obtain more information on this gift-giving opportunity.
