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Nongrantor Lead Trust

Nongrantor Lead Trust Diagram. Description of image is listed below.

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 the UNF Foundation
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to the UNF Foundation
  • 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

Teresa Nichols, CFRE
Associate Vice President for University Development and Alumni Engagement
(904) 620-1833
teresa.nichols@unf.edu

 

University of North Florida
1 UNF Drive
Jacksonville, FL 32224

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