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 McDonogh
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to McDonogh
  • 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

Beth Sauer Hopkins '02
Director of Planned Giving
bhopkins@mcdonogh.org
443.544.7057

 

McDonogh School
Office of Philanthropy
8600 McDonogh Road
Owings Mills, MD 21117
Federal Tax ID Number: 52-6001577

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