Charitable Lead Trust
If you are looking for a way to pass on some of your assets to family while reducing or eliminating gift or estate taxes, a charitable lead trust option might be a good option for you.
How a Charitable Lead Trust Works
- You make a contribution of your property to fund a trust that pays Macalester College income for a number of years
- You receive a gift or estate tax deduction at the time of your gift
- After a period of time, your family receives the trust assets plus any additional growth in value
Chart description: The diagram uses navy blue and orange icons to map the process. An orange figure with a heart is labeled DONOR, while an orange document icon is labeled CHARITABLE LEAD TRUST. A navy blue straight arrow labeled GIFT OF ASSETS connects the donor to the trust. From the trust, a straight arrow points right toward an orange icon of a group of people labeled REMAINING ASSETS TO DONOR’S BENEFICIARIES, while a downward arrow points toward the college’s navy blue shield logo, labeled FIXED YEARLY PAYMENTS FROM TRUST TO MACALESTER.
Benefits of a Charitable Lead Trust
- Receive a gift or estate tax charitable deduction
- Pass inheritance on to a family at a reduced or zero cost
- Establish a vehicle from which you can make annual gifts to Macalester and other charitable organizations