Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

How It Works

  1. Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to the University of Illinois Foundation
  2. The University of Illinois Foundation invests and manages trust assets and makes annual payments to benefit the UIS purposes you specify
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to the University of Illinois Foundation to benefit UIS for the purposes you specified when you created the trust
  • Future gift to heirs at fraction of property's value for transfer-tax purposes
  • Professional management of assets during term of trust
  • No charitable income-tax deduction, but you're not taxed on annual income of the trust

More Information

Contact Us

Justin Seno
Associate Director of Gift Planning
Office of Gift Planning and Trust Services
University of Illinois Foundation
1305 W. Green Street, MC-386
Urbana, IL 61801
(217) 244-8273 phone
(217) 333-5577 facsimile
jtseno@uif.uillinois.edu

 

University of Illinois Foundation
1305 W. Green Street
Urbana, IL 61801

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