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A Pooled Income Fund is an irrevocable trust that is maintained by a charitable organization to which many individuals contribute property. The fund provides an annuity to a non-charitable income beneficiary(ies) for a period measured by the life expectancy of one person (up to five persons).
Donors retain a life-income interest in the property for one or more beneficiaries who receive an annual income dependent on the trust�s rate of return for the year. At the death of the last beneficiary, the remaining value of the gift belongs to the charity.
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