Charitable Lead Trust
Nongrantor
How Does It Work
- Create trust agreement outlining terms of the trust—usually for a term of years
- Transfer cash or other property to trustee
- Trustee invests and manages trust assets
- Trustee makes annual payments to the University of Rochester
- Remainder transferred to your heirs
Benefits
- Annual gift to the University of Rochester
- Future gift to heirs at fraction of property's value
- Professional management of assets during term of trust
- No charitable deduction, but donor not taxed on annual income
