Gifts That Provide You Income: Pooled Income Fund
When you participate in the Pooled Income Fund (PIF), you make an initial gift of at least $5,000 to the Sisters of the Holy Names, and can add to it with additional gifts of $1000 or more. Your donations are added to others and will be invested by an advisor selected by the Sisters.
The PIF will provide (taxable) income for life based on your share of units in the fund, the net earnings of the fund, and your age. Currently, those earnings are paid on a quarterly basis.
When the donor passes away, his or her share of the pooled income fund becomes available to the Sisters for charitable purposes.
For more information, contact us.