WHAT IS A POOLED TRUST?
A pooled trust is a type of special needs trust established by a non-profit for the benefit of people with disabilities. A trust is a legal arrangement in which a person (the trustee) owns property in the name of one or more beneficiaries. Springbrook opened its pooled trust in 2008 to provide families with an economical and flexible savings option. The Springbrook Pooled Trust allows a participant who receives an inheritance, a lump sum payment, or any other income a safe place to protect their assets while remaining fully eligible for governmental programs and benefits such as SSI and Medicaid. Families can open a pooled trust sub-account for an initial investment of just $100. If you or a loved one receives services through Springbrook or Southern Tier Connect, you are eligible for participation in the Springbrook Pooled Trust.