The education collaboration fund: Possibilities and limitations of pooled funds

Abstract

A pooled fund provided matching funds for the U.S. Department of Education's Investing in Innovation program. Shared interest around a topic or community is a necessary but insufficient reason for participating in a pooled fund. A pooled fund provides an opportunity for individuals and family foundations to learn and grow as donors. Vehicle choice is straightforward: The underlying public charity and administrative processing can be handled by a donor-advised fund at a community foundation or federation, financial services firm, or intermediary.