This arrangement provides income to the Metropolitan for a period of years, after which the trust property typically passes to the donor's heirs.
- Income-producing assets that are expected to gain in value, such as stock or income-producing real estate, are irrevocably transferred to a trust. A minimum gift of $100,000 is recommended.
- The Museum receives income from the trust for a specified number of years, after which the property in the trust is transferred to the heirs without the imposition of any additional taxes.
- An immediate charitable deduction on your gift tax return is available for the present value of the total income stream the Museum will receive during the trust term.
- This gift can reduce or effectively eliminate the gift and/or estate tax that would normally be payable on the transfer of these assets to your heirs.
Our Planned Giving Calculator is designed to provide you with an illustration of the income and tax benefits to which you may be entitled if you establish a charitable lead trust to benefit the Metropolitan.
An example illustrates how a Charitable Lead Trust works.