A pooled income fund is an irrevocable trust established and maintained by a public charity to which many donors can make contributions. Generally, it works as follows:
" Contributions received from individual donors are commingled for investment purposes.
" Each year, the donor (or the donor's designated income beneficiary) receives a distribution in an amount equal to the donor's pro rata share of the fund's net investment income.
" At the death of the income beneficiary, the portion of the fund attributable to the donor's gift is severed from the fund and distributed to a charity or charities of the donor's choice.
In the year of contribution, the donor may be entitled to an income tax charitable deduction.
Contributions are treated as gifts to a public charity for purposes of the income tax deductibility limitations.
The pooled income fund may accept appreciated assets from a donor and sell the appreciated property without the donor incurring immediate recognition of capital gains. If the property is encumbered by debt, other rules apply. The gift to a pooled income fund qualifies for the charitable gift and estate tax deduction. However, gift or estate tax may be incurred if the income interest is payable to someone other than the donor or the donor's spouse.
The Fulton Georgia Pooled Income Fund with Declaration of Trust is a charitable investment vehicle that allows individuals to make contributions to a common fund, organized and managed by a charitable organization in Fulton, Georgia. This fund is designed to provide both income for the donor and support for charitable causes simultaneously. Fulton County, located in the state of Georgia, is home to various charitable organizations that offer Pooled Income Funds with Declarations of Trust. Some different types of Fulton Georgia Pooled Income Funds with Declaration of Trust include: 1. The Fulton Georgia Community Foundation Pooled Income Fund: This fund aims to support a wide range of charitable causes within Fulton County. Donors contribute assets to the fund, and in return, they receive regular income payments throughout their lifetime. 2. The Fulton Georgia Health and Wellness Pooled Income Fund: This particular fund is dedicated to supporting healthcare and wellness-related initiatives in Fulton County. Donors' contributions help fund vital medical research, community health programs, and the advancement of healthcare facilities within the region. 3. The Fulton Georgia Education Pooled Income Fund: This fund focuses on supporting educational institutions, scholarships, and programs within Fulton County. Donors contribute to this fund to aid in the improvement of educational opportunities and initiatives for students of all ages. 4. The Fulton Georgia Environmental Conservation Pooled Income Fund: This fund is centered around environmental conservation efforts within Fulton County. Donors' contributions are utilized to protect and preserve natural resources, raise awareness about environmental issues, and support initiatives for a sustainable future. By donating to a Fulton Georgia Pooled Income Fund with Declaration of Trust, individuals not only contribute to the betterment of their community but also receive financial benefits in the form of income payments. These funds provide a unique opportunity to leave a lasting impact on Fulton County while simultaneously receiving ongoing financial support.The Fulton Georgia Pooled Income Fund with Declaration of Trust is a charitable investment vehicle that allows individuals to make contributions to a common fund, organized and managed by a charitable organization in Fulton, Georgia. This fund is designed to provide both income for the donor and support for charitable causes simultaneously. Fulton County, located in the state of Georgia, is home to various charitable organizations that offer Pooled Income Funds with Declarations of Trust. Some different types of Fulton Georgia Pooled Income Funds with Declaration of Trust include: 1. The Fulton Georgia Community Foundation Pooled Income Fund: This fund aims to support a wide range of charitable causes within Fulton County. Donors contribute assets to the fund, and in return, they receive regular income payments throughout their lifetime. 2. The Fulton Georgia Health and Wellness Pooled Income Fund: This particular fund is dedicated to supporting healthcare and wellness-related initiatives in Fulton County. Donors' contributions help fund vital medical research, community health programs, and the advancement of healthcare facilities within the region. 3. The Fulton Georgia Education Pooled Income Fund: This fund focuses on supporting educational institutions, scholarships, and programs within Fulton County. Donors contribute to this fund to aid in the improvement of educational opportunities and initiatives for students of all ages. 4. The Fulton Georgia Environmental Conservation Pooled Income Fund: This fund is centered around environmental conservation efforts within Fulton County. Donors' contributions are utilized to protect and preserve natural resources, raise awareness about environmental issues, and support initiatives for a sustainable future. By donating to a Fulton Georgia Pooled Income Fund with Declaration of Trust, individuals not only contribute to the betterment of their community but also receive financial benefits in the form of income payments. These funds provide a unique opportunity to leave a lasting impact on Fulton County while simultaneously receiving ongoing financial support.
