Charitable Lead Trusts
Charitable lead trusts are most appealing to donors who wish to pass appreciated assets to their heirs without paying a substantial amount in taxes. This is accomplished by allowing the Frances Payne Bolton School of Nursing to receive income from the donor's assets for a specified time, after which the asset is transferred back to the donor or to the donor's heirs. The donor does pay a gift tax on the asset when placed in the trust. The trust can reduce gift and estate taxes or provide a charitable deduction for the donor.
Charitable Remainder Trusts
Through irrevocable charitable remainder trusts, donors can get income tax deductions and avoid capital gains taxes. Many donors find these trusts particularly appealing during retirement planning.
There are two types of trusts--charitable remainder annuity trusts and charitable remainder unitrusts--by which a donor will receive a certain percentage return for life, and, at the donor's death, the property in the trust becomes the School's, much like if you had beqeathed it in your will.
For more information, contact Nora Hennessy, Executive Director, at (216) 368-6531, toll-free (800) 824-2540, ext. 6531 or e-mail her at Nora.Hennessy@case.edu.
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