Charitable Lead Trusts
Charitable lead trusts provide an immediate income stream to Baptist ministries, while returning the trust corpus to the donor or to some other non-charitable individual - typically, the donor's family - at its termination.
Using a charitable lead trust, an individual transfers assets to the trust and names a charitable institution to receive an income stream for a term of years or a lifetime - typically measured on the donor's life. Lead trusts can be funded with almost any asset. Use of certain assets offers advantages that can be beneficial to the donor. Upon the termination of the trust, trust assets pass to the donor or other individual(s) named in the document. The donor receives a gift and/or income tax charitable deduction depending on the remainder beneficiary. For BFT to serve as trustee of a lead trust, a majority of the charitable income beneficiaries must be Baptist.
To obtain specific information about how a charitable lead trust could address specific circumstances, please contact the Trust Division.