Legacy Giving

Gifts of Assets that Provide Income

Pooled-Income-Gift

If you would like to make an important future gift to the Academy while preserving or enhancing your income, consider a pooled income fund gift.

Similar to a mutual fund, a pooled income fund is a trust fund made up of gifts that are pooled and invested together. Income from the fund is distributed to designated beneficiaries according to their share of the fund. The income will vary with the actual income of the fund, and is taxable to the beneficiary. Upon the beneficiary’s death, the Academy will use the principal according to the terms of your gift.

The Academy offers two kinds of pooled funds:

  • The Yield Fund seeks to produce a sustained rate of income over the long term.
  • The Balanced Fund offers current income as well as the possibility of long-term growth of income and principal.

With a gift to either Academy fund, you can create a lifetime source of income for yourself or someone else, claim a current tax deduction, and make a future gift to the Academy.

Frequently Asked Questions


  • Can the beneficiary be someone other than myself?

  • Will the income be reduced if there are two beneficiaries?

  • What can I contribute to a pooled income fund?

  • What are the benefits of giving to a pooled income fund?

  • What else should I know about pooled income funds?

  • Example: Yield Fund

  • How do I make a pooled income fund gift?

    To learn more about supporting the Academy with a gift to one of our pooled income funds, please contact Jay Auslander at 415.379.5202 or eastwoodassociates@calacademy.org.

Charitable Remainder Trust

To earn income for yourself or a beneficiary while making a future gift, consider creating a life income trust.

A Charitable Remainder Trust (or CRT) enables you to preserve or improve your financial security and make a future gift to the Academy. There are two kinds of CRTs—one yielding variable income and one yielding fixed income. Under either of these trust arrangements, income may be distributed to you, a spouse, or another beneficiary of your choice.

Frequently Asked Questions


  • How do CRTs work?

  • What can I contribute to a CRT?

  • What are the benefits of a CRT?

  • What else should I know about CRTs?

  • Example: Variable Income from a Charitable Remainder Unitrust

  • Example: Fixed Income from a Charitable Remainder Annuity Trust

  • How can I create a CRT?

To learn more about supporting the Academy with a charitable remainder trust, please contact Jay Auslander at 415.379.5202 or eastwoodassociates@calacademy.org.

Charitable Gift Annuities

Interest rates on charitable gift annuities are usually attractive compared to certificates of deposit and other bank rates. The payouts are contractually fixed so they will not fluctuate in volatile economic times. Charitable gift annuities offer stable guaranteed lifetime payouts for income recipients, charitable deductions for contributors, and future financial security for nonprofits such as the Academy.

Frequently Asked Questions


  • What is a charitable gift annuity?

  • How does a charitable gift annuity work?

  • Do I receive an income tax deduction?

  • Are there other tax benefits?

  • Do my income payments start immediately?

  • How can I create a charitable gift annuity?

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