pooled income fund

A pooled income fund is a charitable investment account where donors contribute assets, which are combined into a single fund. This fund generates income, part of which is periodically distributed to the donors or designated beneficiaries for their lifetime. After the beneficiaries’ deaths, the remaining assets are used to support the charity. It offers donors an immediate income stream, potential tax benefits, and the satisfaction of supporting a cause they care about, all while allowing their initial contribution to grow within the fund.