Charitable Lead Trusts
Unlike a Charitable Remainder Trust which provides lifetime payments to an income beneficiary with the "remainder" going to UAlbany, a Charitable Lead Trust does just the opposite. Through a Lead Trust, the annual income interest is paid to UAlbany or another qualified charitable organization and the assets are eventually returned to you or passed on to your children, grandchildren or other named individuals.
A Lead Trust can be for a lifetime or for a set period of years and can provide a fixed or variable flow of income to UAlbany depending on how the Lead Trust is formed. In addition, there can be significant estate and tax benefits through using this type of trust.
In view of the complexities in drafting such a trust, consultation with an estate attorney is recommended.