CHAPTER ELEVENPooled Income Funds
- § 11.1 Definitions
- § 11.2 Qualifying Pooled Income Funds
- § 11.3 Allocation of Income
- § 11.4 Recognition of Gain or Loss on Transfers
- § 11.5 Mandatory Provisions
- § 11.6 Private Foundation Law
- § 11.7 Pass-Through of Depreciation
- § 11.8 Tax Status of Funds and Beneficiaries
- § 11.9 Multiorganization Pooled Income Funds
- § 11.10 Comparison with Charitable Remainder Trusts
- § 11.11 Charitable Contribution Deduction
The federal tax law provides for a form of planned giving that utilizes a split-interest trust called a pooled income fund. Basically, a pooled income fund is a vehicle by which money or property is split into two types of interests: one or more income interests and one or more remainder interests. The remainder interest usually is destined for one charitable organization, while the income interests are retained by or created for noncharitable beneficiaries.1 In the normal course of events, the gift of the remainder interest gives rise to a federal income tax deduction.2 Transfers to a pooled income fund may qualify for an estate or gift ...
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