Pooled income funds are trusts made up of contributions from many donors. Each fund agreement creates a number of units, and when you join the pool, you or your specified beneficiaries receive 100 percent of the income attributable to your share of the pool for life. When the agreement for the Pooled Income Fund ends, your share of the fund goes to benefit WFIU and/or WTIU.

Example:

Mr. Smith, age 70, donated appreciated securities valued at $10,000 to the WFIU Pooled Income Fund. He purchased the stock for $2,000 12 years ago and wished to avoid paying capital gains tax (at a rate of 15 percent) on the $8,000 gain. Had he sold the stock, he would have been liable for $1,200 in taxes. By transferring the stock directly to the IU Foundation, he not only avoided those taxes, but also qualified for a federal income tax deduction of $5,585.

Mr. Smith or his designated beneficiary will receive lifetime quarterly payments based on the income generated by the full $10,000. When the last beneficiary passes away, the principal of the gift will be removed from the Pooled Income Fund and used to support acquisitions for WFIU/WTIU.

To discuss your intentions or to learn more, contact Nancy Krueger at (812) 855-2935 or send an E-mail.

Please notify us if you are including the station in your estate plans. We want to say “Thank you!” Plus, we can help you ensure that your gift makes the biggest possible impact. If you have not written a will yet, regardless of your charitable intent, please consider doing so.

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WFIU/WTIU cannot provide legal or tax advice. Please consult your attorney, CPA, or financial planner before making any decisions regarding your gift planning.