Charitable Lead Trust

Protect Your Assets

If you want to make an impact now at Goodwill-Easter Seals Foundation and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to Goodwill-Easter Seals Foundation for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to Goodwill-Easter Seals:

A charitable lead annuity trust pays a fixed amount each year to Goodwill-Easter Seals and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year to Goodwill-Easter Seals 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 Goodwill-Easter Seals go up as well.

An Example of How It Works

Father smiling with children George would like to support Goodwill-Easter Seals and provide for his children. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor's recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George's trust pays $70,000 (7% of the initial fair market value) to Goodwill-Easter Seals each year for 15 years, which will total $1,050,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $955,700. Assuming the trust earns an average 6% annual rate of return, George receives approximately $767,240 at the end of the trust term.

*Based on a 1.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Next Steps

  1. Contact Shannon Schaaf at 651-379-5888 or smschaaf@gesmn.org to talk about supporting Goodwill-Easter Seals by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Goodwill-Easter Seals in your plans, please use our legal name and federal tax ID.

Legal name: Goodwill-Easter Seals Foundation
Address: 553 Fairview Ave. N, St. Paul, MN 55104
Federal tax ID number: 47-1694921

Next Steps for Making a QCD Gift

  1. Ask your IRA administrator about making a direct transfer to Goodwill-Easter Seals Minnesota or have the administrator send a check from your account to us. (To be tax-free, the donation must go directly from your account to Goodwill-Easter Seals Minnesota without passing through your hands.)

Legal name: Goodwill-Easter Seals Minnesota
Address: 553 Fairview Ave. N, St. Paul, MN 55104
Federal tax ID number: 41-0706171

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.

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Personal Estate Planning Kit

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This comprehensive estate planning kit helps you protect your family and establish your legacy. FREE!

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