You transfer cash or securities to the Pooled Income Fund. Our suggested initial minimum gift requirement is $10,000.
The fund issues you units, like a mutual fund, and pays you (or up to two income beneficiaries you name) the annual income attributable to your units for life.
The principal attributed to your units passes to Calvary Baptist Theological Seminary at the passing of the last income beneficiary.
Benefits
Receive income for life in return for your gift.
Receive an immediate income tax deduction for a portion of your gift to the fund.
Pay no capital gains tax on any appreciated assets you donate.
Income can exceed dividends you were receiving on the securities you donated.
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