A charitable lead trust is a philanthropic vehicle that can provide substantial capital support to the Miller Center now, and later pass assets on to heirs with a minimum of gift or estate taxes. A lead trust is an ideal vehicle for funding an immediate need.

Lead Trust Basics

• A lead trust is an irrevocable gift to the Miller Center.
• The minimum funding level is $500,000 if the Miller Center is to serve as trustee.
• You transfer assets into the trust for use by the Miller Center for either a term of years or for your lifetime, as you decide.
• While the trust is in effect, the Miller Center invests the funds and makes trust payments to the program(s) you designate.
• At the end of the trust term, the assets are returned either to you or to your heirs, depending on your financial goals.

The benefits of a charitable lead trust, including possible estate tax, gift tax, and income tax benefits will vary depending on your financial situation.

Notify the Miller Center of your bequest and join the Burkett Miller Society.