Leading for the Future

Luke and Candice spent many years volunteering and supporting their favorite charities. They wanted to give back to these causes in a meaningful way. At the same time, they were looking for a way to care for their family in the future.

Luke: We heard that with new lower rates, now is the best time in years to set up a charitable lead trust. We could fund the trust with cash or stock, and this trust would pay income to the community foundation for a number of years with the rest of the trust value going to our children in the future.

Candice: We liked the fact that our children would be well cared for and that we could see the result now of our charitable gift. The income Akron Community Foundation receives will be used to establish our very own charitable fund that we can use to give to the causes and charities most important to us.

Luke and Candice were also pleased to learn that taxes on the gift to their children would be significantly reduced by the added benefit of a gift tax charitable deduction. After the income was paid to the community foundation, the remaining trust value would go to their family with very little tax owed.

Luke: Candice and I found that by using a charitable lead trust we could accomplish our goals of helping both family and our favorite charities during our lifetime.

Is this gift option right for you? Call your advisor or contact us.

*Please note: The name and image above is representative of a typical fundholder and may or may not be an actual donor to our organization. Since your benefits may be different, you may want to click here to view an example of your benefits.