POOLED INCOME FUND
Many people choose a will as their principal vehicle for making charitable gifts. There are many advantages to this, but bequests do not provide you with either immediate income tax deductions or lifetime income in return for making a charitable gift to Scouting. A gift to the pooled income fund, however, does.
By making a modest gift to the pooled income fund-an initial gift of $5,000 in cash or stocks-your gift will be placed into a nationwide pool of similar gifts to Scouting. These gifts are invested for maximum income, payable to you for life. At the end of your lifetime, or the lifetime of a surviving spouse, your gift is removed form the pooled fund and given to your local council. They will place your gift into their endowment fund, or use it however you designate.
The BSA Pooled Income Fund is a great way to show the council that you care about its financial future. Call us for more information on this interesting way to benefit not just our council, but your family as well.
"IF AT FIRST YOU SUCCEED, TRY, TRY, AGAIN"
In so many ways, in so many circumstances, if we find something that works for us, we return to it again and again. This is exactly what many of the donors to the BSA Pooled Income Fund have discovered-if at first you succeed, try, try again!
It's very easy for a person to make numerous gifts to the pooled income fund. As a result, some donors make this their primary method for generating additional income and tax savings for themselves. It is also a great way to make a significant gift that will benefit the council, at the lowest possible cost to you, the donor. All gifts to the fund are pooled together to maximize your income, and your gifts are removed from the fund and given to the council only after your death.
One of the BSA Pooled Income Fund donors has made almost forty separate gifts to the fund. Many others have made numerous gifts to the fund because of the benefits they receive, as well as the satisfaction that comes from making such a significant gift to our council.
"A FIRST STEP TOWARD PHILANTHROPY"
As the saying goes, each journey begins with a single small step. The journey toward becoming a major donor to your local council can also start with a single small step-a gift to the BSA Pooled Income Fund.
A gift to the pooled income fund is simple to make and the gift can be cash or stocks. And, if those stocks have appreciated in value, it makes your cost of making a gift even less. After all, your tax deductions and lifetime income are based on the fair market value of your gifts to the fund.
Your initial step into the fund requires only $5,000 in cash or stocks; additional gifts can be made at any time, with only a $1,000 minimum. Each time you make another gift to the fund, you get more income and another tax deduction.
Your journey toward becoming a major philanthropist is an easy one to make. Let us know if you would like more information about how the BSA Pooled Income Fund can benefit bother your family and Scouting in the local council. And enjoy your journey.
