Pooled Income Funds
With a pooled income fund, you can contribute to the Hospital and receive lifetime income in return. Similar to mutual funds, these are trust funds in which your gift is combined with others, and you are assigned units in the fund. You receive your pro rata share of the variable income earned by the fund each quarter. The annual yield and quarterly income payments vary from year to year.
You may also provide income to your spouse and/or another individual designated by you. On the death of the surviving beneficiary, a pro rata share of the pooled income fund's principal is removed from the fund and distributed to the Hospital in accordance with the purpose specified by you.
How it Works
How You Save Taxes
You can receive an immediate federal income tax deduction for a portion of your gift to the NewYork Presbyterian Pooled Income Fund. With a gift of appreciated property, you can avoid the long-term capital gains tax. You also can currently realize significant estate tax savings.
How You Can Join the Hospital's Pooled Income Fund
To make a gift, you irrevocably donate cash or marketable securities to the Hospital. The minimum contribution to the Hospital's pooled income fund is $10,000; additional gifts of $1,000 or more may be made at any time. Your account is invested and administered by Swerdlin-White a division of Bank of New York at no cost to you, and you may designate the future use of your gift at the Hospital.
Note: As you consider any Charitable Gift Plan please consult with your advisor to determine the tax/financial implications for you and your family.
Send Me More Information
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Calculate the benefits of a pooled income fund.
Contact
- Marc Krause
- Director of Planned Giving
NewYork-Presbyterian Hospital
Telephone: (212) 821-0512
E-mail: mak2009@nyp.org
- Peggy Jackson
- Planned Giving Officer
NewYork-Presbyterian/Columbia
Telephone: (212) 342-0982
E-mail: maj9032@nyp.org
