A Gift for Your Heirs
Using a Charitable Lead Trust, you can make a considerable gift to St. Joseph’s College for many years and then transfer assets to heirs in a very tax-savvy manner. You can reduce your estate tax and the generation-skipping transfer tax (applied when you make large gifts to grandchildren, for example).
This type of trust pays income to SJC for a set number of years (or for someone’s life) and when the income to the College stops, the trust assets are transferred back to you or to your heirs. The tax consequences vary depending upon who receives the remainder after the income to the College has ended.
If you have any questions about giving to St. Joseph’s College, please contact Clare Kehoe at firstname.lastname@example.org or 718.940.5579.