Bard established a Pooled Income Fund to offer alumni/ae and friends
another opportunity to contribute a meaningful gift to the College. Many donors
contribute to the Pooled Income Fund, and each donor receives a pro rata share
of the fund's net payout, all of which must be distributed annually. Donors
may continue to contribute to the fund, thereby increasing their share of the
net income. Once the gift matures, the assets attributable to the donor are
removed from the fund and allocated as designed.
A gift to the Pooled Income
Fund is irrevocable. Cash or marketable securities may be contributed. Gifts
of low-yielding securities or appreciated stock can offer a tax-efficient way
to make a meaningful gift. Donors receive a charitable income tax deduction
in the year in which they contribute to the fund, and those who donate appreciated
stock avoid paying the capital gains tax. Bard requests a minimum donation of
$5,000 to join the Pooled Income Fund. You may add to or increase your participation
at any time with gifts of $1,000 or more.
Bard's Pooled Income Fund is
managed by State Street Bank in Boston; over the years, the fund's principal
has had double-digit growth. As the principal grows, donors receive larger
quarterly checks. The payout varies from quarter to quarter, depending upon
the fund's performance
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