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Educated to Lead. Inspired to Achieve.

Preserve Family Assets

Charitable Lead Trust

A charitable lead trust allows you to transfer property to family members at very low tax rates by permitting income to go first to Westminster College and then transferring the corpus to your family.

When the trust is funded, there is a gift tax charitable deduction for the current value of the income, which will be distributed to Westminster College.

The process is simple. Your assets are transferred to the charitable lead trust. Westminster College receives income from the trust for a period specified by you. At the end of the period, the assets are transferred back to you, your children, or your grandchildren.

Note: If grandchildren are remainder beneficiaries, your financial advisor may need to advise you on issues involving generation-skipping transfer tax.

Charitable Lead Trust Benefits

  • Transfer of assets to your heirs at a reduced gift tax cost

  • Annual income stream to Westminster College for set period of years

For more information, please contact the Office of Development at 573-592-5370 or 888-687-9266.
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