Charitable Lead Trusts

You work your entire life to ensure that your family is taken care of and enjoys the fruits of your career. You also know the importance of supporting Michigan Masons and ensuring that your brothers and their families will always have the help and resources they need.

charitable lead trust is a way you can ensure that your assets pass on to your family and can also be used to provide payments to the Michigan Masonic Charitable Foundation to support our philanthropic goals.

A charitable lead trust works like this: you place assets into a trust for a period of time of your choosing. The Michigan Masonic Charitable Foundation receives payments throughout the life of the trust. At the end of the trust period, your assets revert back to you.

Charitable lead trusts are excellent ways to make an impact if you receive a windfall income or distribution and want to both make an impact as well as make a large income tax deduction.

There are two types of charitable lead trusts:

  • An annuity trust makes fixed payments each year out of the assets of the trust.
  • A unitrust pays a variable amount each year, based on the value of the assets in the trust. If the trust increases in value, the payments increase as well. If the value decreases, the payments decrease.

Charitable lead trusts also carry numerous tax benefits, and can be funded with cash, appreciated securities, closely held stock or real estate.

 

Next Steps

  1. Contact the Michigan Masonic Charitable Foundation at 1-800-994-7400 or via email at giftplanning@mmcfonline.org to discuss supporting Michigan Masons by setting up a charitable lead trust.
  2. Contact your legal or financial advisor to discuss the impact and options available to you
  3. If you include the Michigan Masonic Charitable Foundation in your estate plans, use the following information:
    Legal Name: Michigan Masonic Charitable Foundation
    Address: 1200 Wright Ave., Alma, MI 48801
    EIN: 38-3266089

The information on this web site is not intended to serve as legal, financial or tax advice. Please contact an attorney, financial or tax advisor. Figures in examples are for illustration only. References to tax rates include federal taxes only and are subject to change. Your State’s laws may further impact your individual outcomes.