Charitable Lead Trusts
A Charitable Lead Trust receives, holds and invests assets, providing gifts to a charity designated by the donor for a term of years. At the end of that designated time, the assets remaining in the trust are distributed to the donor’s beneficiaries.
A Charitable Lead Trust enables a donor to make a significant current gift to Sarah Lawrence and ultimately transfer the assets in that trust to heirs. For example, you could create a named, endowed scholarship fund at Sarah Lawrence with gifts from a Charitable Lead Trust. Because an important feature of a lead trust is that it makes current gifts to the College, students would begin benefiting from your generosity with the first gift.
There are many ways to design a Charitable Lead Trust, depending on your financial situation. Most Charitable Lead Trusts are created with a minimum of $1,000,000. Your estate-planning or tax advisor would create your Charitable Lead Trust with your own interests and needs in mind.
Please contact Dorea Ferris, Director of Gift Planning, at (914) 813-9251 or firstname.lastname@example.org to find out more about Charitable Lead Trusts.