Pooled Income Funds are a planned giving vehicle that provide the tax advantages of charitable giving with the benefits of a lifetime income stream for up to two beneficiaries, which can include the donors.
Life Income Funds of America offers clients with appreciated real estate the opportunity to gift their property to charity into pooled income funds (under IRC Section 642(c)(5)). In return the client receives a viable, tax-efficient exit strategy, income for life from professionally managed funds and the ability to support multiple nonprofit organizations. Benefits to donors may include:
- Charitable Contribution Tax Deduction
- Generate Life Income
- Capital Gains Elimination
- Reduced Estate Taxes for Heirs
- Elimination of Property Management Hassles
- Support Deserving Nonprofit Organizations
- Risk Reduction
- Simple Administration
To learn more about Pooled Income Funds, visit Life Income Funds of America.