Office of Development
Planned Giving
Pass Assets Intact with a Charitable Lead Trust
Are you concerned about the possibility of the government taking a sizeable portion of the assets you were planning to leave your heirs?
There's a way to pass assets to your family with significant estate tax savings and at the same time make a gift to St. Francis. It's called a charitable lead trust.
After we receive income from assets in the trust for a period of years, the principal goes to your family, with estate or gift taxes usually reduced or even eliminated.
Benefits
- Can be funded during your lifetime or through your will
- You support St. Francis's mission through annual income payouts
- Reduces your taxable estate and potential gift taxes
- Assets can be kept in the family
The lead trust is an exceptional way to transfer property to your children or other heirs at minimal tax cost. It is ideal if you are willing to forgo investment income on an asset but do not want to force your heirs to surrender the principal. With a lead trust, you carry out your philanthropic plans over the coming years and save on taxes.