With a charitable lead trust, you provide assets to fund a trust set up for a term of years. The trust makes annual payments to Wofford for the established term, and the remainder goes to family or friends designated by the donor.

How It Works:

A charitable lead trust involves one or more donors, trustees and beneficiaries.

A trust is established with assets.
The trust is set up for a term of years.
Annual income is provided to Wofford for the life of the trust.
The principal remaining is distributed to children, grandchildren or others designees.

Assets Used:

Cash or appreciated stocks
Typically requires $1 million or more

Benefits:

Avoids estate, gift and generation-skipping taxes
Allows donors to make charitable gifts exceeding the federal ceilings
Provides immediate and regular income for Wofford
Allows a transfer of wealth to future generations

You might be interested if…

…You have significant wealth that you wish to pass on to children or particularly grandchildren.