Charitable Lead Trust

To establish a charitable lead trust, you contribute securities or other appreciating assets to a trustee of your choice – who will invest the assets and make “income” payments to Spence. The annual payments to Spence can be either a fixed amount (Charitable Lead Annuity Trust) or a variable amount (Charitable Lead Unitrust), depending upon your wishes, goals and desires. When the trust ends, the remaining trust principal passes to family members or other beneficiaries you have named. This kind of lead trust is technically called a “Non-Grantor Lead Trust.”

Benefits Include:

• The present value of the income payments to Spence may reduce your gift/estate tax liability
• All appreciation that takes place in the trust goes tax-free to your heirs when the trust ends
• You have the satisfaction of making a significant gift to Spence now that reduces the taxes due on transfers to your heirs later on

This information about planned giving is provided solely for educational purposes. Please consult your own legal and financial advisors before making a major gift to make sure that any particular gift plan is appropriate for you.