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CFRE Donor-Advised Fund ANSWER- Donors give cash, stock or other assets to a community foundation, the donor claims an immediate charitable deduction, the money is invested while the donor determines what charities to contribute to Pooled Income Fund ANSWER- A common trust to which many donors make contributions and retain for themselves a pro rate share of the fund’s earnings each year. As each beneficiary dies, the value of the fund attributable to that death is severed and paid to the org. (similar to mutual fund) GA AP ANSWER- Generally Accepted Accounting Principles Life Insurance Policy ANSWER- a) Transfer of ownership of an existing policy to the organization b) Purchase of a contract by the donor, in which the institution is named the beneficiary or owner Charitable Lead Trust ANSWER- Established by a donor transferring assets to a trust that provides income to a nonprofit org for a period of years. At the end of that period, the trust assets revert either to the donor or to someone else the donor designates. Life Estate Contract ANSWER- Agreement established by donors transferring a deed of real property to a charitable organization while reserving for themselves and/or someone else the right to live on or use the property for life. Charitable deductions for life estate contracts are limited to properties that are either personal/residential forms