A pooled income fund is a type of charitable mutual fund that provides benefits to both the donor and Duke. A pooled income fund combines gifts from many donors into a common investment pool. The entire pool is invested and dividends are distributed to each donor or income beneficiary.
Duke University offers two pooled income funds to earn as you give:
The Tower Fund is primarily for donors who are seeking higher distributions than would be available in our other pooled income fund option. The assets of the Tower Fund are invested in a manner that aims to achieve a high-income yield with a minimum of risk to the principal.
The Quadrangle Fund is for donors who are seeking a modest income in the short-term and hope to earn a higher income in the long-term. The Quadrangle Fund is managed for growth.
Benefits of pooled income funds:
- Receive an immediate income tax deduction for a portion of the gift.
- Deductions can be used over as many as six consecutive tax years.
- Determine the programs and areas at Duke the remaining assets will ultimately support.
Use our gift planning calculator to identify preliminary estimates of the payout and deduction amounts for a gift to the Tower Fund or Quadrangle Fund.
Contact us to help you decide which pooled income fund is best for you.