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How It Works
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You transfer cash or securities to the Pooled Income Fund trust established by Wayne Presbyterian Church.
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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.
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The principal attributed to your units passes to Wayne Presbyterian Church when the last income beneficiary passes on.
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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 stock dividends.
- You can have the satisfaction of making a gift that benefits you now and Wayne Presbyterian Church later.
Your interest in planned giving to Wayne Presbyterian Church is greatly appreciated. If you would like to learn more about the pooled income fund, please contact Rev. Steven Harberts, Associate Pastor at stharberts@waynepres.org or (610) 688-8700; or the Chair of the Planned Giving Committeee, M. Parker Blatchford at mpblatchford@aol.com or (610) 688-9030; or complete the Information Request Form.
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