Forums Support Library CFP – Charitable Financial Planner Pooled Income Fund Requirements

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    • Kathleen Reynolds
      Post count: 428

      In order for a fund to qualify as a Pooled Income Fund it must meet the following requirements:

      • The property transferred by each donor must be combined with the property transferred by other donors.
      • The fund cannot be used to invest in tax-exempt securities.
      • Neither the donors nor the income beneficiary can be a trustee.
      • The donor must maintain a life income interest.
      • The beneficiary(ies) is entitled to receive a pro rata share of the income, annually, based on the rate of return that is earned by the trust.

      If these qualifications are met, the donor will receive an income, and gift or estate tax deduction.

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