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.