Pooled Income Funds

For a Pooled Income Fund, the EFCA Foundation accepts a gift of cash or stock, invests it with similar gifts from other donors and then distributes a proportionate share of earnings to the donor for life.  This is a great option for appreciated assets.  A donor may desire to leave property to the Evangelical Free Church of America or other EFC ministry at death, but currently needs to supplement income.  When the donor is called Home to be with the Lord, the EFCA Foundation keeps the donor’s pooled income fund shares and distributes the value to the Evangelical Free Church ministry named by the donor.

Two Options:

 A. Growth Pooled Income Fund

• Declaration of Trust
• Disclosure Statement

B. Pooled Income Fund Number Two

• Declaration of Trust
• Disclosure Statement

The Benefits

• Steady income - donor receives a percentage of the pooled income fund earnings every year.
• Bypass gain - donor bypasses the gain when appreciated property is sold by the pooled income fund.
• Charitable tax deduction - donor receives a current federal income tax deduction.
• Good stewardship - donor is able to financially support the mission of the EFCA, their local church, or other Evangelical Free Church ministries at death.

Typical Donor: A donor with cash or appreciated property with a value of at least $5,000 who wants an income stream, tax deductions, and to further the Lord’s work.

Resources

• Application Form (PDF)

Contact Us:   For personalized illustration, please email foundation@efca.org or call toll free 800-995-8578.