Planned Giving

Charitable Lead Trust

The charitable lead trust allows the donor to provide an institution with income for a period of time determined by the donor (5, 10, 15, 25 years or more). The assets are then given to one or more beneficiaries who receive the remainder trust. It can be possible to transfer assets to heirs with little or no estate and gift taxes due.

The trust features include:

• income to the institution, corpus to heirs
• arrangement for assets to pass intact to heirs
• a deduction applied against gift or estate taxes
• an appeal to people with substantial wealth

The typical donor:

• has substantial giving ability and substantial holdings
• has no need for more income
• holds assets that are expected to appreciate
• wants to minimize transfer taxes
• has used a lifetime exclusion

To make a gift or to request additional information about deferred charitable gift annuities, contact:

Sunya L. Young
Director of Planned Giving
Division of Institutional Advancement
400 Magnolia Street Orangeburg, SC 29115
Phone: (803)535-5704; Toll Free: (888)223-7103; Fax: (803)535-5371
E-mail: syoung@claflin.edu

The information provided on this website is for informational purposes only and is not intended as legal, tax or investment advice. Please consult your accountant, financial advisor or attorney to assist you in determining which planned giving option is most appropriate given your financial goals and objectives.