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Nongrantor Lead Trust

Diagram Description

How It Works

Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
Trustee invests and manages trust assets and makes annual payments to the Prichard Committee
Remainder transferred to your heirs

Benefits

Annual gift to the Prichard Committee
Future gift to heirs at fraction of property's value for transfer-tax purposes
Professional management of assets during term of trust
No charitable income-tax deduction, but donor not taxed on annual income of the trust

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Shawn J. Lyons
Vice President and Director of Philanthropy
859-227-0987
shawn@prichardcommittee.org

The Prichard Committee for Academic Excellence
2285 Executive Drive, Suite 120
Lexington, KY 40505
Federal Tax ID#: 61-1026214

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ABOUT THE PRICHARD COMMITTEE

Since 1983, the Prichard Committee has worked to study priority issues, inform the public and policy makers about best practices and mobilize citizens, business leaders, families, students, and other stakeholders in a shared mission to move Kentucky to the top tier of all states for education excellence and for all children, from their earliest years through postsecondary education.

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