Pooled Income Fund
Receive an income by pooling your Michigan Tech Fund gift with others
In the Michigan Tech Fund's Pooled Income Fund, your irrevocable gift to the Fund is invested or "pooled" along with gifts from other Michigan Tech alumni and friends. Each quarter, you receive your share of the entire fund's interest and dividends. Upon the deaths of up to two income beneficiaries you select, your share of the pool is used to benefit the Michigan Tech Fund.
The Fund's Pooled Income Fund is invested to balance current income payments with growth of the shared principal. Income from the fund varies depending on changing economic conditions. You can join the pool with a minimum initial gift of $10,000; additional gifts can be $5,000 or more. The income beneficiaries you select should be at least 55 years old.
Benefits of the Pooled Income Fund
- Simplest way to gain variable income for life
- Immediate tax savings
- No capital gains tax on gifts of appreciaed securities
- May allow you to incease current income based on diversified, balanced investment
- Assets from Pooled Income Fund eventually support your favorite Michigan Tech program.
McNair Society
The McNair Society recognizes those who have left a legacy for Michigan Tech by providing specific bequests or planned gifts through their estates. This giving society is named for Fred McNair, Michigan Tech's president from 1899-1924. Through McNair's vision and commitment to leave a legacy for future Michigan Tech students, the fledgling college grew and prospered during his presidency.
If you would like more information about the McNair Society or are considering including the Michigan Tech Fund in your estate plans, please contact Eric Halonen (ehalonen@mtu.edu), (906) 487-3325. If you have already included the Michigan Tech Fund in your plans and would like to be recognized, please let us know. We would be pleased to honor you as a member of the McNair Society. Please contact Eric Halonen or fill out the McNair Society Declaration of Intent form here on our website and return it to the Michigan Tech Fund (address) to Mr. Halonen's attention.
View the McNair Society Declaration of Intent Form