Protect Your Assets
Charitable Lead Trusts Offer You Options
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You can benefit from the tax savings that result from supporting Thomas More College without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to TMC:
A charitable lead annuity trust pays a fixed amount each year to TMC and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to TMC go up as well.
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An Example of How It Works
George would like to support TMC and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7 percent of the initial fair market value) to TMC each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $854,311. Assuming the trust earns an average 6 percent annual rate of return, George receives approximately $767,240 at the end of the trust term.
*Assuming annual payments and a 3.2 percent charitable midterm federal rate.
Not Sure How to Begin Planning?Download our FREE Personal Estate Planning Kit
- Contact Tony Roderick at 859-344-3530 or email@example.com to talk about supporting TMC by setting up a charitable lead trust.
- Seek the advice of your financial or legal advisor.
- If you include TMC in your plans, please use our legal name and federal tax ID.
Legal Name: Thomas More College
Address: 333 Thomas More Pwky, Crestview Hills, KY 41017
Federal Tax ID Number: 61-0448560