Charitable Lead Trust (CLT)

When you don’t need income now but want to provide for your heirs, you may set up a Charitable Lead Trust and name the Community Foundation as the charitable beneficiary. You can use the income from the trust to make grants to nonprofit organizations during your lifetime and after your lifetime, have the trust assets, even if they have increased greatly in value, pass without further tax to your heirs. Request Close-Up on Charitable Lead Trusts for more information.