Trusts That Generate Income For Symphony Space
A charitable lead trust is basically the opposite of a charitable remainder trust. It pays a specified dollar amount or percentage of the trust’s assets to Symphony Space for the lifetime of one or more individuals or for a fixed number of years. At the end of that time, the remaining assets in the trust are returned to you or they are passed on to your designated beneficiary or beneficiaries.
You decide on the trust period and the amount or percentage of the payments when you establish the trust. This type of trust allows you to reduce the amount of your assets that might otherwise be subject to estate and gift taxes.
Charitable lead trusts are typically feasible in amounts of $500,000 or more. Your financial and tax advisors can help you determine how a Charitable Lead Trust would be beneficial for you.
Other options for planned giving: