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Pooled Income Fund

Donors who are 60 and over can make a major contribution to the Metropolitan Opera by giving cash, securities, or both to our pooled income fund.

How our pooled income fund works. Your gift is added to the fund for investment and managed along with the gifts of other donors. You receive quarterly payments for your pro rata share of the fund’s earnings. These payments continue for your life, or that of your chosen beneficiary.

Your advantages include the following:

  • You acquire a source of variable income for life.
  • You can benefit from professional and diversified investment management.
  • You have the choice of determining the size of your initial gift and making additions later.
  • You are entitled to an immediate income tax charitable deduction, if you itemize.
  • You can name another person as successor beneficiary.
  • You feel good knowing that your gift ultimately becomes available to the Met to support our vital needs.

The minimum size of an initial gift to the fund is $10,000. You can benefit even more when you donate appreciated securities you’ve held for more than one year—no capital gain is taxable to you. In addition, our pooled income fund pays no tax when it sells the securities.

Next Steps

  1. Contact Pamela Bennett at 212-870-7388 or encoresociety@metopera.org for additional information or to chat more about giving to our pooled income fund.
  2. Seek the advice of your financial or legal advisor.
  3. If you include the Met in your plans, please use our legal name and federal tax ID.

Legal name: Metropolitan Opera Association, Inc.
Address: 30 Lincoln Center, New York, NY 10023
Federal tax ID number: 13-1624087

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