Woods Hole Oceanographic Institution Home

The Charitable Lead Trust: A Strategy for Reducing Estate Taxes and Passing Assets to Heirs

Charitable lead trusts hold special interest if you wish to pass an asset to the next generation while minimizing gift and estate taxes. A charitable lead trust holds an asset (or assets) for a term of years during which time income is paid to a charity. With the most common lead trust, the trust assets are distributed to another individual—typically a child or grandchild—at the conclusion of the trust term.

Working with your advisor, you may choose to have the charity receive either a fixed percentage of the fair market value or a pre-determined fixed dollar amount.

For more information about planned giving and the Paul M. Fye Society, please contact Jim Flynn, Director of Major Gifts and Planned Giving at (508) 289-2018, or at jflynn@whoi.edu.