Charitable Lead Trust
Protect Your Assets
You can benefit from the tax savings that results from supporting WVU through the WVU Foundation without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to the WVU Foundation:
A charitable lead annuity trust pays a fixed amount each year to the WVU Foundation and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to the WVU Foundation go up as well.
Calculate Your Benefits
Submit a few details and see how a charitable lead trust can benefit you.
Not Sure How to Begin Planning?Download My FREE Personal Estate Planning Kit
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options with this FREE guide Deferred Gift Annuities: Plan Now, Benefit Later.Download Now
An Example of How It Works
George would like to support the WVU Foundation and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7% of the initial fair market value) to the WVU Foundation each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $955,700. Assuming the trust earns an average 6% annual rate of return, George receives approximately $767,240 at the end of the trust term.
*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.
See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.View My Guide
- Contact Matthew Clark at 304-284-4033 or firstname.lastname@example.org to talk about supporting the WVU Foundation by setting up a charitable lead trust.
- Seek the advice of your financial or legal advisor.
- Include the WVU Foundation in your plans, please use our legal name and federal tax ID.
Legal Name: West Virginia University Foundation, Inc.
Address: One Waterfront Place 7th Floor, PO Box 1650, Morgantown, WV 26507-1650
Federal Tax ID Number: 55-6017181