Albert P. Delacorte '35 helped endow scholarships for minority students through Princeton’s pooled income fund.
Princeton's pooled income funds invest contributions from a number of donors and make lifetime, quarterly payments to beneficiaries based on their share of the income earned by the fund. Donors may designate up to two beneficiaries -- spouses, for example, or children and grandchildren -- and Princeton eventually receives the remaining share.
Princeton’s pool is overseen by some of the same talented investment professionals who manage the University's endowment. Joining a pooled fund requires a minimum gift of $25,000. After that, donors may add $1,000 or more as often as they wish.
Benefits
- Provides lifetime income to yourself and/or another beneficiary.
- You can donate your highly appreciated securities without incurring capital gains tax.
- Assets contributed are removed from your taxable estate, unless beneficiaries other than you and your spouse are involved.
Princeton offers two pooled income funds for new donors, each with a separate investment goal.
- Income Fund: Invests primarily in bonds. Objective is to provide high current income.
- Tiger Fund: Invests primarily in stocks. Objective is to provide long-term growth in unit value resulting in higher income over the long term.