The right timing spurred David Loevner '76 and Catherine Loevner S76 to set up a charitable lead trust to help name 1976 Hall in Butler College and pass assets to their children.
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, some of the same professionals who handle Princeton's endowment 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