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GIFTS THAT PROTECT ASSETSCHARITABLE LEAD TRUSTS

If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option.

Flowchart: You fund a charitable lead trust with property. The trust pays income to the University of Indianapolis for a number of years. Your family, or designated beneficiary receives the remainder at the end of the trust term.

Benefits of a charitable lead trust

  • Receive a gift or estate tax charitable income tax deduction
  • Pass inheritance on to family at a reduced or zero cost
  • Establish a vehicle from which you can make annual gifts to the University of Indianapolis

How a charitable lead trust works

  1. You place income generating assets into a trust that pays the University of Indianapolis income for a number of years.
  2. You may receive a gift or estate tax deduction at the time of your gift.
  3. After a period of time, your family receives the trust assets plus any additional growth in value.

Next Steps:

  1. Contact UIndy's Office of Gift Planning at 317-791-2553 or [email protected] for additional information on charitable lead trusts or to speak with Darcy about which gift that protect assets is right for you.
  2. Seek the advice of your financial or legal advisor.
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