Preheat the oven to 350 degrees and grease and flour a 12 cup bundt pan. Make sure to get sections of the pan coated in the flour.
In a medium size mixing bowl, whisk together the flour, cocoa powder, baking soda and salt.
Then in a separate large bowl, beat together the oil, butter and sugar with a hand held or stand up mixer. Then add in the eggs, buttermilk and vanilla extract and red food coloring.
Then gradually add the dry ingredients into the wet ingredients on low speed until just combined. Be careful not to over mix the batter.
Pour the batter into the bundt pan and gently tap the pan on the counter to get all of the air bubbles out. Then bake for 50-60 until a toothpick inserted into the center of the cake comes out clean.
Allow the cake to cool in the pan for 10-15 minutes. Then invert the cake onto a plate or wire rack to cool completely.
For the Frosting:
In a medium size bowl, beat together the cream cheese, sugar, milk and vanilla extract.
Once the cake has cooled, drizzle the frosting over the pound cake.
Then the cake is ready to slice, serve and enjoy!
Notes
Store the leftovers in an airtight container at room temperature for up to 1 week.