Pooled income fund
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A pooled income fund is a type of charitable mutual fund created from securities or cash donated by an individual, a family or a corporation to a charity, which is then invested to provide dividends for both the donor and charity. The donations are irrevocable and tax-deductible and must be from personal assets. Capital gains taxes do not apply to securities donated to such a fund.
After a donor dies, the balance of their donation is given to a pre-determined qualified 501(c)(3) charitable organization (or several organizations). Charities typically manage their own pooled income fund, and fund their operations through the donated securities.
- "Pooled Income Fund". TheFreeDictionary.com. Retrieved 26 April 2012.
- Pooled Income Fund Definition | Investopedia
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- A comprehensive overview of pooled income funds by the Planned Giving Design Center
- Pooled income funds FAQ
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