Receive An Income by Pooling
Your Gift With Others
In the Michigan Tech Fund's Pooled Income Fund, your irrevocable gift to the Tech Fund is invested or "pooled" along with gifts from other alumni and friends. Each quarter, you receive your share of the entire fund's interest and dividends. Upon the deaths of up to two income beneficiaries selected by you, your share of the pool is used to benefit Michigan Tech.
The Tech Fund's Pooled Income Fund is invested to balance current income payments with growth of the shared principal. Income from the fund varies depending on changing economic conditions. You can join the pool with a minimum initial gift of $10,000; additional gifts can be $5,000 or more. The income beneficiaries should be at least fifty-five years old.
Contact the Office of Gift Planning for more information.
Benefits of the Pooled Income Fund
- Simplest way to gain variable income for life
- Immediate tax savings
- No capital gains tax on gifts of appreciated securities
- May allow you to increase current income based on diversified, balanced investment
- Assets from Pooled Income Fund eventually support the Michigan Tech program of your choice