A Gift to Michigan Tech Today
With a Future Return to Your Heirs
If you are facing substantial concern about estate and gift taxes, the charitable lead trust can be an effective solution. A charitable lead trust pays income to the Michigan Tech Fund for a predetermined number of years, after which the assets of the lead trust are either returned to you or passed on to your children, grandchildren, or other loved ones. If the assets are to be returned to you, you receive an income tax deduction when the trust is created. If the assets are passed on to heirs, applicable estate or gift taxes on the value of the gift are reduced or completely eliminated.
A charitable lead trust allows you to support Michigan Tech now, and if the assets are passed on to heirs, they are transferred back to them at a greatly reduced tax cost.
Contact the Office of Gift Planning for more information.
Benefits of Gifts from Charitable Lead Trusts
- Support Michigan Tech while also providing for your family
- No estate or gift tax on growth of assets during term of lead trust
- Transfer of property to family members with reduced estate and gift tax