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Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
  2. Trustee invests and manages trust assets and makes annual payments to the WSU Foundation
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to the WSU Foundation
  • Future gift to heirs at fraction of property's value for transfer-tax purposes
  • Professional management of assets during term of trust
  • No charitable income-tax deduction, but donor not taxed on annual income of the trust

More Information

Contact Us

Michael Lamb, EMBA, CFRE
Vice President for Planned Giving
Phone: 316-978-3804
mike.lamb@wichita.edu

 

Wichita State University Foundation
1845 Fairmount St.
Wichita, KS 67260-0002

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