Charitable Remainder and Lead Trust

Charitable Remainder Trust

A charitable remainder trust provides income to you or to other named income beneficiaries for life, a set number of years, or a combination of the two. The remaining amount is a gift to the UML. Charitable remainder trusts can offer variable or fixed income and they can help you avoid capital gains taxes as well as reduce income and estate taxes.

Charitable Lead Trust

A charitable lead trust allows you to designate your heirs as the ultimate beneficiaries while also providing the UML with an income stream for a term of years. You transfer assets to the University of Massachusetts Lowell or a trustee of your choice and during the term of years a fixed or variable income is paid to the University of Massachusetts Lowell. You choose the designated purpose of this gift. At the end of the term, the assets are then transferred to your heirs. The charitable lead trust allows this transfer of assets to your heirs to take place at a reduced gift and estate tax cost. 

For more information, contact University Advancement at 978-934-2223.