A wise way to be a philanthropist and pass
wealth to family members free of gift and estate taxes
The charitable lead trust is a way for a generous individual in high estate
and gift tax brackets to benefit the Minneapolis Heart Institute Foundation and
pass principal to family members with little or no tax penalty. It works like
this: The donor irrevocably transfers assets to a trust; the trust provides
payments to our institution for a specified term of years; then the trust
principal goes to children, grandchildren or others absolutely free of - or at
greatly reduced - federal gift and estate taxes.
To find out if a lead trust is right for you, or for more information on
making a gift to the Minneapolis Heart Institute Foundation, please
contact:
Blaine Thrasher
Vice President, Development
Minneapolis Heart
Institute Foundation
612/863-3958 or 877/800-2729
