Luke and Cynthia spent many years volunteering and supporting charities in the community. They wanted to give back in a way that would help fulfill the charities' missions for many years on end. At the same time, they were looking for a way to care for their family in the future.
Luke: We heard that now is the best time in years to set up a charitable lead trust. We could fund the trust with cash or stock and the trust would pay income to JCF for a number of years, with the rest of the trust value going to our children in the future.
Cynthia: We liked the fact that our children would be well cared for and that we could see the result now of our gifts to JCF, which would build an endowment fund in our name, benefiting future generations.
Luke and Cynthia were also pleased to learn that taxes on the gift to their children would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income was paid to our organization, the remaining trust value would go to their family with very little tax owed.
Luke: Cynthia and I found that by using a charitable lead trust, we could accomplish our goals of helping both family and JCF during our lifetimes. The trust would then create a legacy for the South Jersey community with an endowment fund in our names. We are honored to be able to provide this lasting gift.
Is a charitable lead trust right for you?
A charitable lead trust can be an excellent part of many tax-planning strategies. If you have questions about lead trusts, please contact us
*Please note: The names and image above are representative of typical donors and may or may not be actual donors to our organization.