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Pooled Income Fund
(redirected from Pooled Income Funds)

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Pooled Income Fund
A mutual fund comprising of donated securities and/or cash, the proceeds of which go to charity and donors. One donates securities and cash to create a pooled income fund, which is then invested as if it were a regular mutual fund, which pays dividends to donors each quarter in proportion to the amount donated as a percentage of the whole fund. When a donor dies, what remains of his/her donation as a percentage of the total fund is given to a charity. Usually charities administer pooled income funds, and the remaining donation goes to their own charitable operations. All cash and securities donated to pooled income funds qualify as charitable gifts for tax purposes; importantly, securities so donated are exempt from capital gains tax.
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5) Pooled income funds are the least common filers of Form 5227, with 1,488 returns filed in 2008 (Figure A).
Changing times: an analysis of the 2007 revision of the ... by Rosenmerkel, Lisa Schreiber / Statistics of Income. SOI Bulletin
MG Trust Uses Innovest's InnoTrust System for Daily Valuations for its Clients' Common Trust Funds NEW YORK, March 16 /PRNewswire/ -- Innovest Systems, LLC, a financial technology firm specializing in trust accounting and wealth management solutions, announced that its clients are now processing valuations for over 370 common trust funds and pooled income funds with a $1.
Innovest Systems Platform Utilized to Administer $1.2 Billion in ... by PR Newswire
Three types of split-interest trusts are sanctioned by the Internal Revenue Code, so the interest passing to the charitable organizations qualifies for the charitable deduction for income, gift, and/or estate tax purposes--charitable remainder trusts, pooled income funds, and charitable lead trusts.
Payment of annuity with appreciated property by grantor charitable ... by Fairbanks, Greg A. / The Tax Adviser
 
 
 
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