Which of the following are true about a pooled income fund? I. It is a fund that
Question:
Which of the following are true about a pooled income fund?
I. It is a fund that is established and maintained by a public charity.
II. It is a trust that is established and maintained by a public charity.
III. It receives contributions from individual donors that are segregated for investment purposes.
IV. The donor’s charitable deduction is based on the discounted present value of the remainder interest.
A. II, III, IV.
B. II, IV.
C. I, IV.
D. III, IV.
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Answer B II IV II It is a trust that is established and maint...View the full answer
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Related Book For 
Essentials Of Personal Financial Planning
ISBN: 9781945498237
1st Edition
Authors: Susan M. Tillery, Thomas N. Tillery
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