Disaster Response
Child Development
Clean Water
Hunger Relief
Medical Care
Creating a charitable lead trust can be a smart way to transfer assets to your family members without incurring high gift or estate taxes. With a lead trust, you can transfer assets to your children in the future with little to no gift tax, or only a nominal amount upfront.
How Does it Work?
- Make contributions to fund the trust.
Depending on the type of charitable lead trust you establish, you may be eligible for an immediate partial income tax deduction for contributions made to the trust.
- Payments are sent to the charity.
The charitable lead trust provides payments on at least an annual basis to at least one qualified charitable organization for a fixed number of years, the lifespan of one or more individuals, or a combination of the two.
- After some time, your beneficiaries receive the trust assets plus any additional growth in value.
Once the term of the charitable lead trust ends, the principal is distributed to you or the other designated beneficiaries in a manner that can minimize or even eliminate transfer taxes.
Benefits:
- Reduce estate taxes
- Reduces gift taxes
- Maximizes your gift to CBN
What assets may be contributed to a charitable lead trust?
- Cash
- Publicly traded securities
- Some types of closely held stock
- Real estate
- Certain other complex assets
Learn how a CLT allows you to support the ministry now while preserving assets for your heirs.
Download your free brochure here.
Address: Operation Blessing International Relief and Development Corporation
Planned Giving – CSB 112
977 Centerville Turnpike
Virginia Beach, VA 23463
Legal Name: Operation Blessing International Relief and Development Corporation
Tax ID: 54-138657
Disclaimer: Information contained herein was accurate at the time of posting. This site is informational and educational only. Every individual’s situation is unique. The information on this website does not provide and is not intended to provide estate planning, legal, or tax advice. For such advice, please consult your personal attorney, CPA, or other qualified professional advisor. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results.