Planned Giving and Other Options: Stock, gifts in-kind, etc. >
Charitable Lead Trust
A charitable lead trust is very similar to the charitable remainder trust Phoenix Seminary would receive income for the life of the trust (number of years) with the trust principal returning to the donor or the donor’s family at the termination of the trust.
If the principal is returned to the family, the giver’s estate receives a gift tax deduction, which, when used in conjunction with any remaining unified credit balance, will offset the gift tax. This is an exceptional way to transfer assets to the family while reducing estate taxes.
If the principal returns to the giver, the giver receives an income tax deduction in the year the trust is created.