Which one of the following is a correct statement about the nontax characteristics of a pooled income fund?

A) The principal is distributed to the charitable beneficiary at the end of the noncharitable beneficiary's (or beneficiaries') life (or lives).

B) The income beneficiary cannot receive more than 10% of the original principal value per year.

C) It must pay a fixed dollar amount to the charitable beneficiary annually.

D) Only the grantor and the charity can be beneficiaries.