Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes annual payments to Providence
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to Providence
  • Future gift to heirs at fraction of property's value for transfer-tax purposes
  • Professional management of assets during term of trust
  • No charitable income-tax deduction, but donor not taxed on annual income of the trust

More Information

Contact Us

Joe Ward
Vice President of Planned Giving
(310) 793-8117
Joseph.Ward@providence.org

 

Providence Foundations
Southern California Region
501 S. Buena Vista Street
Burbank, CA 91505

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