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The Pooled Income Fund (PIF) is similar to the CGA in that a gift is made in return for a stream of income. Unlike a CGA, where the income stream is based upon a fixed rate, the PIF income stream is based upon investment results. Here's how a PIF works:
Typically, a PIF is used when you want to deal only with a particular charitable organization.
The amount of the income tax charitable deduction is the present value of the charity's remainder interest, like a CRT, subject to the AGI limits previously described.