Charitable Lead Trusts Offer You Options
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
You can benefit from the tax savings that result from supporting the Greater Chicago Food Depository without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to the Food Depository:
- A charitable lead annuity trust pays a fixed amount each year to the Food Depository and is more attractive when interest rates are low.
- A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the Food Depository go up as well.