The Pooled Income Fund
How It Works
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You transfer cash
or securities to the Pooled Income Fund trust established by Gilman. |
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The trust issues
you units, like a mutual fund, and pays you, or up to two income beneficiaries
you name, the annual income attributable to your units for life. |
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The principal attributed
to your units passes to Gilmanwhen the last income
beneficiary passes on. |
Benefits
- You receive gift credit and an immediate
income tax deduction for a portion of your gift to the trust.
- You pay no capital gains tax on any appreciated
assets you donate.
- Although modest, the income usually exceeds
the level of stock dividends.
- You can have the satisfaction of making
a gift that benefits you now and Gilman later.
To learn more about our Pooled Income Fund, Email us, complete the Information Request form, or call us at 410-323-7176 so that we can assist you.