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Start your fund with two gifts on the same day. A pooled income fund is a fund that commingles gifts from multiple donors. It could be separate participations from a married couple, as long as each makes a separate gift, receiving income on their gift first and each naming the spouse as the second income beneficiary. Or, get a supporter of your organization to agree to make a gift on the same day you find your first donor. Have that supporter give you an undated check or promise to mail their gift on the same day you obtain the first one.
Different Ways to Administer Pooled Income Funds:
1. The charity can be the trustee.
2. Employ a bank as trustee, but the charity maintains control.
3. Organization may be an affiliate whose funds are controlled by the umbrella organization.
Click Here for a Complete Report on Pooled Income Funds.
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