Pooled Income Funds


Definition of "Pooled income funds"

Dan Demeo real estate agent
Dan Demeo, Real Estate Agent Coldwell Banker Residential Brokerage - Demeo Realty Group

Separate trust established by a charitable entity whose purpose is to receive contributions from numerous donors. All the donors' contributions are commingled. Each donor can retain a life-income interest in the donation. The donor's income payment is based on the number of units of participation calculated at the time the donation is made and the value of each unit. The value of each unit in turn is determined by the investment performance of the commingled funds.

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