CHARITABLE LEAD TRUSTS.

A charitable lead trust is a gift arrangement in which property is irrevocably transferred by you into a trust arrangement. The trust makes payments to Village Theatre for a specified period of time and then distributes the principal to you or to your heirs.

Through a charitable lead trust you can support Village Theatre while significantly reducing gift and estate taxes in passing assets to your children or grandchildren. Alternatively, a charitable lead trust can be set up to provide to you a tax deduction in the year of the donation while allowing you to recover the asset at a later predetermined date.

Income from a charitable lead trust can either be paid in a fixed dollar amount (under a charitable lead annuity trust) or at a fixed percentage of the annual trust balance (under a charitable lead unitrust). A trust can be set up during your lifetime, allowing you to see the benefit of your gift to the community, or it can be established through your will.