Gift Planning

Pooled Income Fund
(Complete gift description)

The pooled income fund is one of the easiest ways to provide income for yourself or others while also making a generous gift to the Zoological Society of San Diego. The fund operates like a charitable mutual fund. Your irrevocable gift of cash or securities is combined for investment purposes with gifts from other donors. Each quarter the fund pays you your proportional share of its net income. When you or the last of your income beneficiaries dies, your portion of the fund's principal is removed and used by us for the purpose you designated when you made your gift.

Here are some of the benefits of the pooled income fund:

• If you contribute appreciated securities to the pooled income fund, no capital gains tax is payable. This means that you can contribute appreciated but low-yielding assets and put the entire amount of your gift to work earning income for you.
• You will also receive a charitable income tax deduction for your gift to the fund, based on the fair market value of the assets you contributed minus the present value of the life-income interest you retained.
• You can benefit from the professional investment management of our organization and our advisors.
• Finally, your donation can diversify your portfolio if you are too concentrated in one asset.

How do I join the pooled income fund?

• It's easy. You can join the pooled income fund with a gift of $5000 or more. Additional contributions may be made with a gift of $1000 or more. The Fund brings the benefits of a life-income gift into reach for many donors.
• Each fund agreement can make payments to a maximum of two people, each of whom must be at least 50 years of age.
• A simple transfer agreement that we prepare effects the transaction.

On what are my payments based?

Your quarterly distribution will vary with the fund's performance. The fund is invested for income and modest capital appreciation, with preservation of capital in mind. Please contact us for more information on the past performance and current objectives of the fund. All payments from the pooled income fund are taxed to you as ordinary income.

Click here to see an example of a gift to a pooled income fund.

How do you make a gift to the pooled income fund?

You should consult with an attorney expert in the area of charitable gifts and estate planning. We will provide a draft of the pooled income fund transfer agreement for review by you and your attorney, and we will help you transfer cash or securities when you make your gift.

For more information

Email us, complete the personal illustration form, or call us at (619) 744-3352 so that we can assist you through every step of the process.