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Pooled income fund

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This is an old revision of this page, as edited by Rathfelder (talk | contribs) at 14:26, 27 May 2016 (-Category:Finance; ±Category:Charitable organizations→Category:Charity in the United States using HotCat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Template:Histinfo 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.

Sources

  • "Pooled Income Fund". TheFreeDictionary.com. Retrieved 26 April 2012.
  • Pooled Income Fund Definition | Investopedia
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