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Pooled
Income Fund
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This
is the perfect gift vehicle for persons who want to support
the vital work of AOTF, while at the same time enjoying the
benefits of an income for life and a significant charitable
tax deduction.
The Pooled Income
Fund functions in many ways like a mutual fund. Your gift
is combined or "pooled" with those of other donors
and invested in bonds and U.S. Government Securities. The
Fund is professionally managed by Morgan Stanley Dean Witter.
All income generated by the Fund is distributed each quarter
to donors based on the amount of shares you own. You will
continue to receive quarterly distributions for as long as
you live. Upon your death, your shares of the Fund are transferred
to AOTF and are used to support occupational therapy education
and research. The amount of income received each quarter can
vary depending on the Fund's performance. For example:
Ms. Miller gives
$10,000 to the Pooled Income Fund. Each share is worth $100
so Ms. Miller now owns 100 shares. If the Fund earns $5 a
share, Ms. Miller receives $500.
When you contribute
to the Pooled Income Fund, you receive an immediate income
tax deduction for the charitable remainder value of your gift.
The amount of this deduction depends upon your age. If you
are unable to use all of your deductions in the year of the
contribution, you may carry forward the excess deductions
into subsequent years.
You can get a double
tax savings if you make your contribution with appreciated
securities . You not only get a charitable tax deduction
for the full market value of the securities but you also avoid
payment of costly capital gains taxes.
For more
information on the Pooled Income Fund, or to get
an estimation of your tax savings, please contact
Mindy Hecker,
AOTF's Interim Co-Executive Director, at 301-652-6611
ext. 2558.
The examples cited
in this home page are for illustrative and informational purposes
only. Your personal situation may differ. Please consult your
tax or legal advisor about your particular situation.
The
American Occupational Therapy Foundation is a 501(c)(3), charitable,
non-profit organization. Gifts to AOTF are tax-deductible
to the extent allowed by law.
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