Red Cross Home
Site Search:

Home
About Us
Services
Take a Class
Nurse Training
Volunteer
Donate
Gift Planning
Gift Options
Legacy Society
Asset Options
PG Calc
FAQS
Glossary
Newsletters
Financially Prepare
News Room
Give Blood
BEPA
  
Donate Now
Pooled Income Fund
 


How it works
  1. You transfer cash or securities to the Pooled Income Fund trust established by the Red Cross.
  2. 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.
  3. The principal attributed to your units passes to the Red Cross when the last income beneficiary dies.
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 stick dividends.
  • You can have the satisfaction of making a gift that benefits you now and the Red Cross later.


© 2004-2007 American Red Cross, Greater Cleveland Chapter
3747 Euclid Avenue   Cleveland, Ohio   44115-2596
216.431.3010
Privacy Policy     info@redcross-cleveland.org