Nongrantor Lead Trust

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 Gilman
3. Remainder transferred to your heirs

Benefits

• Annual gift to Gilman
• 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

Heather Harlan Warnack Director of Development hwarnack@gilman.edu Mary Ellen Porter Associate Director of Development & Director of Planned Giving meporter@gilman.edu

Gilman School 5407 Roland Avenue Development Office Baltimore, MD 21210 410-323-7178 Federal Tax ID Number: 52-0591604