| Types of Planned Gifts: Life Income Agreements
More than 570 life-income agreements have been established
with the College. Presently over 46 million dollars is invested in life-income
agreements.
Pooled Income Funds
A Pooled Income Fund may be established at Lafayette with a gift of $5,000
or more. Your gift is combined with others and you are assigned units
in the fund. You receive a proportional share of the income generated
by the investments. After your lifetime, your gift will be used by Lafayette
for the purpose you have designated.
Example: Mr. Frank has established a $10,000 life-income agreement which is invested
in our pooled income fund along with others who have made similar life-income
gifts. If the fund earns 6.6% this year, he will receive $660 as his
share of the earnings. In any given year his income will reflect the
earnings from the fund whether they go up or down.
Benefits of Establishing a Pooled Income Fund
- Receive income for life
- Make a substantial gift to Lafayette and support a program that is meaningful to you
- Receive an income tax charitable deduction for the year of the gift
- Avoid capital gains tax on a gift of appreciated securities or appreciated property
- Remove assets from your estate
- Become a member of the Marquis Society
- Become a member of the James Madison Porter Society
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