Marshall University Foundation
E. A. Zimmerman
Director, Planned Giving
The Marshall University
Foundation, Inc.
Tel: (304) 696-3739
Fax: (304) 696-3541
E-mail Us
Director, Planned Giving
The Marshall University
Foundation, Inc.
Tel: (304) 696-3739
Fax: (304) 696-3541
E-mail Us
|
Related Links
|
Charitable Lead Trust
A Charitable Way
to Pass Assets to Heirs
How it works
 |
You contribute cash, securities or other property to a trust. |
 |
The trust makes fixed annual payments to the Marshall University Foundation for a specified term of years. |
 |
When the trust ends, the remaining principal goes to your heirs. |
Benefits
- You qualify for a gift tax deduction for the present value of the annuity payments to the MU Foundation.
- The annuity payments and the term of the trust can be specified in such a way so as to reduce or even eliminate the transfer taxes due when the principal reverts to your heirs.
- All appreciation that takes place in the trust goes tax-free to your heirs.
- You can use your available estate tax credit ($1.5 million per person in 2004; $2.0 million per person beginning in 2006) to further reduce taxes on transfers to your heirs.
- You can have the satisfaction of making a significant gift to the MU Foundation now that reduces the taxes due on transfers to your heirs later.