Provide for Your Loved Ones and Dana-Farber and the Jimmy Fund
Charitable Lead Trusts
To benefit from the tax savings that result from supporting Dana-Farber and the Jimmy Fund without giving up any assets that you'd like your family to receive someday, you can establish a charitable lead trust (CLT) to benefit Dana-Farber and the Jimmy Fund.
Types of CLTs to consider:
- A charitable lead annuity trust pays a fixed amount each year to Dana-Farber and the Jimmy Fund and is more attractive when interest rates are low.
- A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to Dana-Farber and the Jimmy Fund go up as well.
Dana-Farber and the Jimmy Fund receive payments for as long as you choose, and remaining assets are given to your heirs at the end of the trust term. Any appreciation to the assets that occurs will be distributed to your heirs with reduced or no estate or gift tax liability.
was inspired by her daughter to create a CLT to benefit Dana-Farber and the Jimmy Fund.