Consider Life Income Plans
Pooled Income Fund - Giving to the Lupus Foundation of America Greater Ohio Chapter, Inc., through a contribution to our pooled income fund represents one of today's most popular gift arrangements. A pooled income fund is similar to a mutual fund. The fund combines gifts from many donors for investment purposes, and pays earnings to donors based on the number of units their gift represents, similar to a mutual fund.
You may donate cash or securities (but not tax exempt securities) to our pooled income fund. Your gift is irrevocable, but you will receive income for the rest of your life, or the life of a surviving beneficiary, if you so desire.
You receive additional tax benefits if you donate appreciated securities to the pooled income fund because no gain on the securities is taxable to you. Often the current yield from dividends of growth stocks is low. Donors can increase their income by donating their securities to the pooled income fund. Because the fund is tax exempt, the trustee can sell the securities without incurring capital gains tax, investing the full proceeds in higher yielding instruments.
Charitable Remainder Trusts - Donors can increase the return on their investment while maintaining control over their assets by establishing a Charitable Remainder Trust. There are two types of Charitable Remainder Trusts, an annuity trust and a unitrust.
An annuity trust pays a fixed amount each year regardless of the fluctuation in the fair market value of the trust's assets.
A unitrust pays a fixed percentage of the trust's assets as re-valued each year. You select the payout rate when you establish the trust. You also may serve as the trustee, or appoint another individual or institution to perform this function. However, your gift is irrevocable.
You receive an income tax deduction in the year you create the trust. The deduction is determined by the payout rate you select and the age of the income beneficiaries, as determined by official tables established by the U.S. Treasury Department. As with a Pooled Income Fund, the Charitable Reminder Trust pays no gain on the sale of the donated securities. However, a portion of the income from the trust may be taxed as capital gains.