Which of the following are true about a pooled income fund? I. It is a fund that

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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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Essentials Of Personal Financial Planning

ISBN: 9781945498237

1st Edition

Authors: Susan M. Tillery, Thomas N. Tillery

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Question Posted: Apr 08, 2024 02:00 AM

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Which of the following are true about a pooled income fund? I. It is a fund that

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Answer B II IV II It is a trust that is established and maint...View the full answer

Essentials Of Personal Financial Planning

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