North Park University - Chicago North Park University - Chicago

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 trustee
  2. Trustee invests and manages trust assets and makes annual payments to North Park
  3. Remainder transferred to your heirs

 Benefits

  • Annual gift to North Park
  • 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 donor not taxed on annual income of the trust

More Information

CONTACT US

Jon Heintzelman
Senior Advancement Advisor
plannedgiving@northpark.edu
(773) 244-5790

 

Office of Advancement
North Park University
3225 W. Foster Avenue, Box 6
Chicago, IL 60625

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