Establishing a Charitable Lead Trust

Overview:

A charitable lead trust is like a charitable remainder trust in reverse. You select the assets used to fund the trust and decide how long it will last, and Florida Christian College receives income from the trust while it exists. There is no minimum payout. When the trust terminates, its assets return to you or your designated beneficiary.

A charitable lead trust can be useful if you want to reduce your current income, but wish to retain the assets for your family. A charitable lead trust can be a means to transfer substantial amounts of wealth from generation to generation, free (or largely free) of estate, inheritance, and gift taxes.

A charitable lead trust is a complex giving vehicle with many income, estate, and gift tax consequences. You should discuss your goals with your legal and financial advisers to determine whether a charitable lead trust would suit your plans.

Features & Benefits

•  Reduces current income while retaining assets
•  Can be a low-cost means of transferring property to heirs
•  Opportunity to make a substantial current gift to FCC
•  Potential estate, inheritance, and gift tax savings