Rate for Pooled Income Funds Drops to 1.4% Creating Large Deduction for Infant Funds

Rate for Pooled Income Funds Drops to 1.4% Creating Large Deduction for Infant Funds

News story posted in Revenue Rulings on 6 March 2014| comments
audience: National Publication | last updated: 7 March 2014
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Summary

For purposes of determining the deduction for pooled income funds less than three years old the rate for 2014 has dropped from 1.8% in 2013 to 1.4% creating a very high charitable deduction. Can we do anything with it?

While Pooled Income Funds have fallen out of favor in recent years due to the lack of investment opportunities that generate ordinary income, the income tax deduction for funds less than three years old is now extremely high due to the low 1.4% rate to be used for funds less than three years old. Are there opportunities organizations are missing, or is the PIF still a thing of the past? What about single life PIFs, realestate, etc (See the 78% deduction for a 65 year old following.) 

Please give us your thoughts on this by commenting below. 

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7520 Rates: October 2.2% September 2.4% August 2.4%

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