A Charitable Lead Unitrust is an individually managed trust that allows you to give a variable annual amount to the Miller-Dwan Foundation for a fixed term of years or for the life of one or more individuals. When the term ends, the trust terminates and distributes its remaining assets back to you or to one or more individuals that you have specified.

For some people, a Charitable Lead Unitrust is a good way to pass an estate to grandchildren. You also recieve a charitable income tax deduction.

This gift calculation is only a sample of how planned giving tools can work for you. Please contact us, or your attorney or accountant, for more detailed information.

Input Descriptions

Full Name. Please enter the full name of the donor as you would like it to appear on the report.

Transfer Value. Enter the combined fair market value of all assets you would like to transfer. This can be as little as $50,000 or as much as $100,000,000.

Payout Rate. Enter the Payout Rate as a percentage (e.g. 5.0, 6.23). This rate will be multiplied by the trust's asset value each year to compute the amount of income that will be paid to the charity from the trust. The higher the payout rate, the larger the deduction.

Grantor Trust. A charitable lead trust can be structured as grantor trust or nongrantor trust. A grantor trust produces a charitable income tax deduction, whereas a nongrantor trust does not. In order for a grantor trust to produce an income tax deduction, you must be treated as the owner of the trust for income tax purposes. This means that all taxable income produced by the trust, including amounts it distributes to charity, is taxable to you. A nongrantor trust is a separate entity for income tax purposes; therefore, although you do not receive an income tax deduction, neither is any of the trust's income is taxable to you.

Term Years. Enter the number of years you would like the trust to pay the charity income. This number can be from 1 to 100 years. The longer the term, the greater the charitable deduction.