A charitable lead trust is a sophisticated vehicle that can play an important role as part of your overall estate planning. If you hope to transfer assets to your heirs with limited taxation while also providing significant annual support to Boston College - a lead trust might be an option for you.
How It Works
You transfer cash, securities, business interest, real estate, or personal property into a trust. The trust then pays the annual income interest to BC for a set number of years – typically 10 to 25. When the trust terminates, the remaining assets are transferred back to you or your heirs, without passing through your estate.
When the remaining trust assets are passed to heirs, they are not subject to additional gift or estate tax, which means that you may be able to pass on a larger estate than would otherwise be possible.
With a minimum of $1,000,000, you can establish two types of lead trusts at BC:
- Charitable Lead Annuity Trust (CLAT): pays a fixed amount annually, at least five percent of the initial fair market value of the trust during that year
- Charitable Lead Unitrust (CLUT): pays a variable amount annually, which is equal to a fixed percentage of the fair market value of the trust during that year
BC’s legal name, address and tax ID:
The Trustees of Boston College
140 Commonwealth Avenue
Chestnut Hill, MA 02467
Tax ID 04-2103545
AT A GLANCE
- Anyone who wants to protect their assets and transfer wealth to heirs
- Real estate
- Personal property
- Business interest
- Provide an inheritance to your heirs
- Reduce income, gift, and/or estate taxes
- Provide significant annual support to BC
- See the impact of your gift during your lifetime
- Become a member of the Shaw Society
How Can We Help?
We're here to partner with you if you have any questions. Feel free to reach out to us directly or fill out the form.