I want to make a gift to Princeton, but am also concerned about providing for my heirs.
Charitable lead trusts (CLT) allow you to make a significant gift to your children, grandchildren, or other heirs on a date you specify, while also making a gift that benefits Princeton now.
How it works:
- You contribute assets or securities to a charitable lead trust at Princeton.
- Your lead trust makes annual payments to Princeton for a fixed term — generally between 10 and 20 years.
- The trust principal then passes to your heirs.
- You set the term for the trust
- Professional asset management by a trustee of your choice; if you choose Princeton to manage your trust, managers at TIAA Kaspick and the University will oversee the investment of your trust in a diversified portfolio of stocks and bonds.
- Federal charitable income tax deduction
- Reduce tax cost to your heirs
- Payments to the University can be designated for a specific purpose
- Recognition as a member of the 1746 Society
Certain IRS limitations apply. It’s best to seek the help of an estate planning attorney to avoid undesirable legal or tax results.
David Loevner ’76 set up a charitable lead trust to help support his class’s efforts to name 1976 Hall. Read his story
Information for Estate Attorneys and Administrators
Our legal name is: Trustees of Princeton University
Our tax ID number is: 21-0634501
Our address and contact information for estates and trusts is:
Office of the General Counsel
New South Building, Fourth Floor
Princeton, NJ 08544