Charitable Lead Trust
With a charitable lead trust, you can provide current income to St. Catherine’s while preserving the trust assets for you or your beneficiaries. With this gift you remove assets from your estate, receive immediate tax savings and provide the School with income from those assets for a period of years. At the end of the gift period, the assets may be returned to you or transferred to a designated beneficiary at substantial tax saving. Parents and grandparents find the charitable lead trust an excellent way to provide for a future generation while accomplishing good work today and decreasing their estate taxes.
This type of trust can drastically lower the tax on the transfer of your assets to loved ones.
- You place income-producing property in a trust, which pays a certain level of income to charities for a defined time period.
- At the end of the time period, the contents of the trust pass to your family, or other beneficiaries. Any increase in the property's value while in trust normally escapes estate tax.
Lead trusts are designed to provide tax benefits rather than income for individuals. Unlike charitable remainder trusts, lead trusts cannot sell assets free of capital gain tax. One should consider a lead trust only if one is not likely to need the income from the trust assets.
Located in the heart of Richmond, Virginia, St. Catherine’s School is a private, all-girls pre-K, kindergarten, elementary, middle and high school. We provide a well-rounded educational experience for girls from communities across Richmond, Chesterfield, Henrico and all of central Virginia. St.Catherine’s all-girls educational experience is rooted in more than a century of history and tradition. From our revolutionary past to our dynamic present, St. Catherine’s has always focused on preparing students for a boundless future.
