This amount will not pull to Schedule A (Form 1040). Instead, a manual entry must be made on the Schedule A Gifts to Charity Menu, subject to the 30% AGI limitation on such contributions.
You will have to itemize your deductions on Schedule A to be able to claim this deduction.
A pooled income fund has the charity as both the trustee and the charitable beneficiary. The donor will donate property specifying that the income from the property will go to himself and/or other person(s). Upon their death, the corpus will be distributed to the charity.
It's called a pooled income fund because the charity will "pool" the donations from a number of different donors into one fund. This avoids the expenses of maintaining different trusts, as the charity is usually the trust creator. The trust must distribute all of the income currently, not just a set amount or percentage. If the pooled income fund doesn't distribute all of its income, then the excess will be taxed at the regular trust tax rates.
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