You can create an immediate income stream for Barnard for a set number of years, after which the remaining principal will pass tax free to the parties you designate—most often children or grandchildren. Barnard will benefit currently through annual payments, while the assets continue to grow before passing to the next generation.
For more information on how to establish a Charitable Lead Trust or to learn if this is the right option for you, contact Audra Lewton, Senior Associate Director, Planned Giving, at email@example.com or (212) 870-2534.
Audra M. Lewton
Director of Gift & Estate Planning
Office of Development
New York, NY 10027
Phone: (212) 870-2520