Pooled Income Fund
(Gift example*)
At
65, you are an active volunteer in your community, still play tennis
and golf, and invest for long-term growth. The bulk of your portfolio
is Westinghouse stock that you acquired during your years with the
company, and, although you are concerned that you are too concentrated
in this one holding, you are reluctant to pay the capital gains cost of
selling and reinvesting.
You want to support the Red Cross with a gift of $50,000.
To retain an income stream you contribute $50,000 of Westinghouse stock to our Pooled Income Fund.
Here is a summary of your income and tax benefits:
|
Donor
|
Individual, age 65
|
|
Amount contributed
|
$50,000
|
|
Cost basis
|
$20,000
|
|
Current dividend income
|
$1,000
|
|
Fund's rate of return
|
2%
|
|
First-year income
|
$1,000 (thereafter variable)
|
|
Charitable deduction
|
$26,979
|
|
Increased annual income
|
$1,000 ($2,000 from Fund vs. $1,000 dividend)
|
|
Capital gain avoided
|
$30,000
|
| Click here to calculate the benefits the Pooled Income Fund would give you.
|
|
*This
example is based on a factor that changes monthly. Contact our office
for a personal illustration based on the latest rates.
|
For more information Email us, complete the personal illustration form, or call us at (800) 797-8022 Ext. 5 so that we can assist you through every step of the process. | 
