CHARITABLE LEAD TRUST
A charitable lead trust (CLT) can be a powerful tool to balance philanthropic and estate planning objectives. If you are looking for a creative way to make an impact now at Portsmouth Abbey School and also provide for your heirs later, a CLT may be the right option for you.
A CLT uses assets transferred to a trust to make annual payments to Portsmouth Abbey School for a term of years (typically 10-20 years). At the end of the term, the remaining assets in the trust pass to your beneficiaries at a reduced or even eliminated estate or gift tax cost. As an added benefit, the distributions from the trust are made to the School during your lifetime so you will see the immediate impact of your gift.
Contact the Office of Development & Alumni Affairs at 401-643-1269.
The information on this website is not intended as legal, financial, or tax advice. Please consult an attorney, financial advisor, or tax advisor in your planning.