The WMHT Pooled Income Fund is a unique opportunity you may find both financially and personally rewarding. Often called the "mutual fund of charitable giving," a pooled income fund is one trust for many donors.

When a donor makes an  irrevocable gift to the WMHT Pooled Income Fund, he/she retains a life income interest for the transferred cash or securities into the Fund. This gift is commingled in the pool with gifts from other donors.

Income beneficiaries are entitled to a pro rata share of the investment income of the pool and are assigned "Units of Participation." These units are based on the fair market value of the gift and the value of the units outstanding at the time.

Each beneficiary receives a proportionate share of the Fund's net annual income, payable on a quarterly basis. Upon death of the beneficiary/beneficiaries, that portion of the Pooled Income Fund represented by their units is distributed to WMHT's endowment.

The investment performance of the pooled income fund determines the rate of return. WMHT's Pooled Income Fund is invested with TIAA-CREF and is carefully balanced between growth and income to provide a cushion for inflation and a reliable income stream.

WMHT is pleased to accept gifts to the Pooled Income Fund as low as $10,000 and subsequent gifts of $5,000 or more.  If you itemize your tax deductions, you are entitled to receive an immediate income tax charitable contribution deduction when you make your gift. The exact amount of the deduction will depend on several factors including the value of the contribution, the age of the income recipient(s), and the anticipated rate of return.

Benefits of a gift to the WMHT Pooled Income Fund:

• Immediate tax deduction
• Increased earning potential
• No capital gains tax - if your gift is of appreciated securities, you will not have to pay capital gains tax on the transfer of the securities. The full fair market value of the stocks will be available to earn income for you.
• No limit to future giving
• No estate tax - contributions to the Fund are removed from your estate, thereby reducing the taxes on your estate
• No legal fees - donors fill out a simple Instrument of Transfer
• Personal satisfaction - you receive a payment stream for the rest of your life. And you enable WMHT to say thank you now.
  

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