Wellesley College - Office for Resources: Pooled Income Funds

Pooled income funds are like mutual funds. Gifts to each fund are invested together with gifts from other donors, and the income earned by the fund each year is shared among the participants. The income stream will vary depending on the types of assets held by a given fund and the performance of these assets. Donors receive a charitable income tax deduction for a portion of their gift.

For more information, please call or e-mail Peter V.K. Doyle, Director of Planned Giving, at 800-253-8916 or pg@wellesley.edu

Features of Pooled Income Funds

Support for Wellesley College
Income for the life of a beneficiary
Choice of professionally managed funds with a variety of investment goals
An income tax deduction for a portion of your gift (in the year of the gift)
Avoidance of capital gains tax

Wellesley has three pooled income funds with different investment objectives. Each requires a minimum gift of $10,000 (additions of at least $2,500 are allowed to existing accounts).

The Wellesley College High Yield Fund

Invested primarily in bonds and other fixed-income securities with the goal of maximizing current income
Beneficiary should be at least 65 years old
Current annual rate of return is 5.9%

The Wellesley College Balanced Fund

Invested in a "balanced" portfolio to provide both current income and growth
Beneficiary should be at least 55 years old
Current annual rate of return is 4.5%

The Wellesley College Growth Fund

Invested primarily in stocks
Seeks to create asset growth and increased value of holdings (rather than current income)
Beneficiary should be at least 45 years old
Current annual rate of return is 3.2%

Life Income Gifts | Charitable Gift Annuities | Pooled Income Funds | Charitable Remainder Trusts

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Copyright © 2002-2009 President and the Trustees of Wellesley College. All rights reserved.

Office for Resources and Public Affairs
Date Created: November 19, 2002
Date Modified: January 6, 2009

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