A Pooled Income Fund, often called "the mutual fund of charitable giving," is one trust for many donors, rather than one trust for an individual donor. When a donor makes an irrevocable gift to the SDSU Pooled Income Fund to benefit KPBS, the donor joins a "pool" of other donors who commingle their donations (it is an irrevocable gift) in a pool of investments that is governed by a trust document that the charity establishes. Each donor has a proportionate share in the fund.

With a Pooled Income Fund, it is not necessary to create a new trust each time a gift is made. As a result, new contributions (cash and or appreciated securities) can be made. The proportionate share of the fund's annual income is paid to each donor. On the death of the donor or the last income beneficiary, the percentage of the pooled income fund representing the donor's gift is withdrawn by the charity for its use.

A pooled income fund is an excellent way to make periodic contributions that will build into a sizable gift while avoiding fees and setup complexities. Using appreciated securities as a gift to a pooled income fund enables avoidance of capital gains taxes and the donor receives a charitable deduction for the gift value. The pooled income fund will provide income that will vary based on investment performance. Click here to use our Pooled Income Fund Calculator.

For more information about planned gifts, please contact Stephanie Bergsma at (619) 594-7822 or by email.  You may also write to: KPBS Friends for Life, 5200 Campanile Drive, San Diego, CA 92182.