Charitable Lead Trust


A Charitable Lead Trust allows you to designate your heirs as the ultimate beneficiaries while also providing the Mount with an income stream for a term of years. You transfer assets to Mount Saint Joseph or a trustee of your choice and during the term of years a fixed or variable income is paid to the school. You choose the designated purpose of this gift. At the end of the term, the assets are then transferred to your heirs. The charitable lead trust allows this transfer of assets to your heirs to take place at a reduced gift and estate tax cost. Charitable Lead Trusts are typically advantageous for individuals with a high net-worth.


Benefits to the donor:
  • allows donor to designate funds to heirs while also supporting Mount Saint Joseph
  • ability to choose how the gift will be used
  • at end of term, all assets are transferred to heirs at a reduced gift and estate tax cost
 

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