Charitable Lead Trusts (CLT) (for Family)
Over the years, many Seattle Foundation donors have supported a range of community causes through a Charitable Lead Trust (CLT). If you are looking for a way to pass on some of your assets to your family while reducing or eliminating gift or estate taxes, a charitable lead trust is an excellent option to consider, and our staff are here to help you and your advisor team evaluate this option for your philanthropy.
Every Charitable Lead Trust (CLT) is different - the example of how it works, below, is just an outline of what is possible. Specifics can be determined by you, your advisor team, and Seattle Foundation staff.
In a nutshell: How a Charitable Lead Trust (CLT) works
View an example- You make a contribution of your property to fund a trust that pays Seattle Foundation income for a number of years.
- You receive a gift or estate tax deduction at the time of your gift.
- After a period of time, your family receives the trust assets, plus any additional growth in their value.
Benefits of a Charitable Lead Trust (CLT)
- Receive a gift or estate tax charitable deduction
- Pass inheritance on to family and reduce or eliminate the tax
- Establish a vehicle from which you can make annual gifts to charity
Contact us
If you have any questions about charitable lead trusts (CLT), please contact us. We would be happy to assist you and answer any questions you might have and to provide you with an illustration demonstrating your specific tax benefits.