Charitable Lead Trust
Nongrantor

How Does It Work

1. Create trust agreement outlining terms of the trust—usually for a term of years (UIF can provide specimen)
   
   
2. Transfer cash or other property to trustee (UIF can serve as trustee)
   
   
3. Trustee invests and manages trust assets
   
   
4. Trustee makes annual payments to the University of Illinois Foundation for term set by you
   
   
5. Remainder transferred to your heirs when term expires for purposes you specify
   
   

Benefits

• Annual gift to the University of Illinois Foundation
  
  
• Future gift to heirs at fraction of property's value
  
  
• Professional management of assets during term of trust
  
  
• No charitable deduction, but donor not taxed on annual income
  
  

The U of I Foundation gift planning staff is pleased to answer your questions and offer assistance at any time. Please contact the Foundation to learn more.

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