How does a Pooled Income Fund work?
The pooled income fund is useful if you do not have sufficient assets to contribute to a Charitable Remainder Trust or Charitable Lead Trust or if you prefer to make smaller contributions over a period of time. Contributions from many individuals are pooled together and shares of the fund are given to each contributor. An income tax deduction is available in the year the contribution is made. Income is paid until the last income beneficiary dies and then the shares transfer to the charity. 22.
