Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes annual payments to EKU Foundation
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to EKU Foundation
  • Future gift to heirs at fraction of property's value for transfer-tax purposes
  • Professional management of assets during term of trust
  • No charitable income-tax deduction, but donor not taxed on annual income of the trust

More Information

Contact Us

Shelley Ward
Senior Director of Major and Planned Gifts
859.622.8090
Shelley.Ward@eku.edu

 

Eastern Kentucky University
CPO 19A
521 Lancaster Avenue
Richmond, KY 40475

Federal Tax ID Number: 61-1131682

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