Nongrantor Lead Trust

Nongrantor Lead Trust Diagram. Description of image is listed below.

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 BPLF
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to BPLF
  • 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

Contact Us

Carol Estes-Schwartz
Deputy Executive Director
617-859-2032
cestes@bplfund.org
Federal Tax ID Number: 04-3150560

 

Boston Public Library Fund
ATTN: Carol Estes-Schwartz
700 Boylston Street
Boston, MA 02116

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