February 24, 2000
Looking to Get Out of the Pool
As planned-giving option loses favor, many charities reorganize costly funds
Twenty years ago, charities were touting a planned-giving option known as a pooled-income fund as an appealing way for donors to support a cause and, at the same time, earn substantial income. Today, many of those same charities are scrambling for ways to get rid of the costly funds, or at least to reorganize them.
To be sure, plenty of pooled-income funds are still
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