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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.
See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.
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
Submit a few details and see how a charitable lead trust can benefit you.
This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!
Download My KitThis comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!
Download My Kit