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What are they?
A charitable lead trust (CLT) enables you to make significant charitable gifts now while transferring substantial assets to beneficiaries later. It works like this: A trust is set up from which MCF receives annual payments for your life or for a specified number of years. These funds may be distributed to charities you specify or be added to a donor-advised fund. When the trust terminates, the trust principal is returned to you or distributed to your children or others you may designate. The trust assets pass to the recipients at reduced tax cost, sometimes even tax-free.
Highlights
- A CLT shelters investment earnings from tax, and it offers gift, estate, and generation-skipping tax benefits. For example, trust assets are removed from your estate for estate tax purposes.
- You can establish a CLT during your lifetime or through your will.
- You can choose to have either a fixed percentage of the trust assets or a set dollar amount distributed to your fund at MCF.
- The fund can continue to grow and support your community even after the trust terminates.
- A charitable lead trust may appeal to those who want to reduce their estate tax or who want to delay their heirs' receipt of an inheritance.
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For more information, including financial details on charitable lead trusts, click on the icon below. This is a PDF document that requires Adobe Acrobat Reader.
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Charitable Lead Trusts
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To learn more about ways you can give later, contact Aviva Shiff Boedecker, director of gift planning, at 415.464.2516 or by email. Or, request a copy of “Giving Back, Looking Forward: How to Achieve Your Financial and Charitable Goals through the Marin Community Foundation.”
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The information on this site is not intended as legal, tax, or investment advice.
For such advice, please consult an attorney, tax professional, or investment
professional.
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