Charitable Lead Trust
Nongrantor

How Does It Work

1. Create trust agreement outlining terms of the trust—usually for a term of years
   
   
2. Transfer cash or other property to trustee
   
   
3. Trustee invests and manages trust assets
   
   
4. Trustee makes annual payments to The College of Saint Rose
   
   
5. Remainder transferred to your heirs
   
   

Benefits

• Annual gift to The College of Saint Rose
  
  
• Future gift to heirs at fraction of property's value
  
  
• Professional management of assets during term of trust
  
  
• No charitable deduction, but donor not taxed on annual income
  
  

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