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Charitable Lead Trusts

Charitable Lead Trust

A charitable lead trust is the converse of a charitable remainder trust.  With a charitable lead trust assets are put in a trust to generate income for Doane College for a period of time (or for a persons lifetime).  At the end of that time the ownership of those assets may revert back to the grantor or pass to a beneficiary or beneficiaries.

Doane students receive a travel scholarship during their junior and senior years.

 

 

 

This particular gifting method may be extremely useful in passing assets to heirs in a tax advantaged manner.  Typically this type of trust is set up as a nongrantor lead trust, with the assets passing to the heirs.  Thanks to the gift tax charitable deduction, the donor can benefit Doane College, and transfer wealth to family members at reduced, or no gift tax, cost.  Generation skipping rules may apply so consultation with legal and/or estate tax experts is highly recommended.

If you would like to receive more information, contact Dan Meyer at 402.826.8237,dan.meyer@doane