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Charitable Lead Trust
Nongrantor

How Does It Work

1. Create trust agreement outlining terms of the trust—usually for a term of years
   
   
2. Transfer cash or other property to trustee
   
   
3. Trustee invests and manages trust assets
   
   
4. Trustee makes annual payments to the University of Michigan
   
   
5. Remainder transferred to your heirs
   
   

Benefits

• Annual gift to the University of Michigan
  
  
• Future gift to heirs at fraction of property's value
  
  
• Professional management of assets during term of trust
  
  
• No charitable deduction, but donor not taxed on annual income
  
  

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Office of Planned Giving
University of Michigan Office of University Development
734-615-2022 • toll free 866-233-6661 • Contact Us
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