“Princeton has made a defining difference in my life, and we hope we can lend a hand in its ability to make a difference in the lives of others.”
- Paul Sittenfeld ’69, with wife Betsy
A charitable lead trust enables you to make a significant gift to children, grandchildren, or other heirs on a future date that you specify, while also making a gift that benefits Princeton now.
Your charitable lead trust would make annual payments to Princeton for a fixed term, generally between 10 and 20 years, before the trust principal passes to your heirs.
What are the benefits of a charitable lead trust?
- You control the timing of distribution of your assets to your heirs.
- You enjoy professional asset management by the trustee of your choice. If you choose Princeton to manage your trust, a committee with representation by key offices of the University will oversee the investment of your trust in a diversified portfolio of stocks and bonds. (Princeton is able to serve as the trustee of charitable lead trusts established with a gift of at least $250,000.)
- Federal gift and estate tax deductions for the value of annual trust payments to Princeton may reduce your taxable gift to zero.
- You receive an immediate federal charitable income tax deduction in some circumstances.
You can establish a charitable lead trust during your lifetime or through your will. You may use payments from a charitable lead trust to fund many current priorities as well as all enduring needs of the University.
If you would like to discuss how a charitable lead trust might work for you, contact the Office of Gift Planning at 609-258-6318 or e-mail firstname.lastname@example.org