The donor transfers an asset to the trustee of the pooled income fund (PIF) and reveives a proportionate share of the trust's earnings for each year therafter. A current income tax deduction is also available.

When the donor or other named beneficiary dies, the remaining trust assets pass to the designated charity.

• Estate and Gift Taxation(PIF)
• Pooled Income Fund

Note: This deduction is based on life expectancy and the highest rate paid by the fund over the last three years. The deduction may have to be spread over more than one year, if it exceeds certain percentage of income limitations.

This document was last modified on April 25, 1997

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