Charitable Lead Trust

Protect Your Assets

If you want to make an impact now at Barnard College and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to Barnard College for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to Barnard:

A charitable lead annuity trust pays a fixed amount each year to Barnard and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year to Barnard based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to Barnard go up as well.

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.

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An Example of How It Works

Family smiling with children Victoria would like to support Barnard and provide for her children. Victoria received a windfall amount of income and needs a large income tax deduction to offset the income. Following her advisor’s recommendation, Victoria funds a grantor charitable lead annuity trust with assets valued at $1,000,000. Victoria’s trust pays $60,000 (6% of the initial fair market value) to Barnard each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to Victoria. She receives an income tax charitable deduction of $686,160. Assuming the trust earns an average 8% annual rate of return, Victoria receives approximately $1,619,706 at the end of the trust term.

*Based on a 3.6% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Submit a few details and see how a charitable lead trust can benefit you.

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Next Steps

  1. Contact JiHae Munro, Director, Planned Giving, at 212.853.8313 or Alison Robbins, Senior Associate Director, Planned Giving at 212.853.8314 or plannedgiving@barnard.edu to talk about supporting Barnard by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Barnard in your plans, please use our legal name and federal tax ID.

Legal name: Barnard College
Address: 3009 Broadway, New York, NY 10027
Federal tax ID number: 13-1628149

Personal Estate Planning Kit

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This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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