Attaining Goals Through a Charitable Lead Trust

Grasselli Brown explains, "A charitable lead trust is a wonderful way to satisfy two philanthropy goals at once - with tax benefits when you give. My goals were to add to funds for an endowed Chair in Chemistry (the remainder of the funds will come from our estate) and provide our children with some funds at their retirement age (and completion of the lead trust time period), rather than leave everything in our estate. This way, my husband, Glenn and I have the benefit of seeing them enjoy some extra income before we are gone."