A philanthropic investment strategy by which the property or cash is transferred into a pooled income fund and the receiving beneficiary, usually a charity, will sponsor the guaranteed lifetime income of the donor. The beneficiary takes full control and ownership of the donated assets upon the death of the donor or the last named beneficiary.

This is typically used by wealthy investors with large estates who are seeking immediate tax deduction. But some charities require a minimum initial contribution, as little as $5,000.