Charitable Lead Trust
You can benefit from the tax savings that result from supporting University of South Carolina or one of its affiliated foundations without giving up the assets that you'd like your family to receive someday with a donation in the form of a charitable lead trust.
There are two ways that charitable lead trusts make payments to South Carolina or one of its affiliated foundations:
A charitable lead annuity trust pays a fixed amount each year to South Carolina or one of its affiliated foundations and is more attractive when interest rates are low.
A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to South Carolina or one of its affiliated foundations go up as well.
A Real-Life Example: Meet Bert Storey
It's been nearly 60 years since Bert Storey '51 earned a degree in civil engineering at Carolina, but he's definitely in tune with America's current need to produce more engineering graduates.
"We need more students trained in engineering to regain our strength in manufacturing and mining and to plan our country's infrastructure responsibly," says Storey, a real estate developer based in Augusta, Georgia. "The College of Engineering and Computing wants to increase its enrollment from 1,600 to 2,000 students, and while they're doing everything they can to recruit in-state students, we're going to have to look beyond the state's borders to reach that enrollment goal."
That's why Storey has established a charitable lead trust that funds the Bert Storey Scholars Fund, a scholarship that will be used to attract top-notch nonresident students to the College of Engineering and Computing. Read More
Gift Planning Resources
See which type of charitable trust best fits your estate plan with the FREE guide Choose From 2 Win-Win Ways to Donate.View My Guide
Gifts That Pay
Your payments depend on your age at the time of the donation. If you are younger than 60, we recommend that you learn more about your options and download this FREE guide Plan for Retirement With a Deferred Gift Annuity.
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Information contained herein was accurate at the time of posting. The information on this website is not intended as legal or tax advice. For such advice, please consult an attorney or tax advisor. Figures cited in any examples are for illustrative purposes only. References to tax rates include federal taxes only and are subject to change. State law may further impact your individual results. Annuities are subject to regulation by the State of California. Payments under such agreements, however, are not protected or otherwise guaranteed by any government agency or the California Life and Health Insurance Guarantee Association. A charitable gift annuity is not regulated by the Oklahoma Insurance Department and is not protected by a guaranty association affiliated with the Oklahoma Insurance Department. Charitable gift annuities are not regulated by and are not under the jurisdiction of the South Dakota Division of Insurance.