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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 Calvin
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to Calvin
  • 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

Randall Vogelzang
Director of Gift Planning and Major Gifts
616-526-8719
giftplanning@calvin.edu

Federal Tax ID Number: 38-3071514

 

Calvin University
3201 Burton Street SE
Grand Rapids, MI 49546-4388

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