Your client is interested in establishing a charitable trust and is inquiring about the tax implications. Which one of the following statements is correct?

A) If your client establishes a pooled income fund, she will receive a charitable gift tax deduction for the present value of the income interest, less the annual exclusion.

B) If your client establishes a charitable remainder trust, she will receive a charitable income tax and gift tax deduction for the income interest.

C) If your client establishes a charitable remainder unitrust, she will receive a charitable gift tax deduction as long as the unitrust amount exceeds 3% of the initial fair market value of all trust assets.

D) If your client establishes a charitable lead trust, she will receive a charitable gift tax deduction for the present value of the income interest, less the annual exclusion.