Charitable Lead Trust

Benefits for you:

• Significant multi-year support for First Presbyterian Church Stillwater
• Pass the CLT assets to heirs at a future date
• Maximizes value to heirs by removing the CLT assets from estate tax exposure
• Further maximizes value to heirs by potentially removing the CLT assets from exposure to gift taxes

Your Charitable Lead Trust (CLT) pays First Presbyterian Church Stillwater an interest income annually for a pre-set number of years or for your lifetime, after which the assets return to the beneficiaries that you name.

By transferring assets to a CLT it may be effectively removed from your estate and passed to your heirs with little or no tax liability. A gift tax discount arises because of the charitable interest preceding your heir's interest.

There are two types of lead trusts:

• A CLT unitrust pays a fixed amount to First Presbyterian Church Stillwater
• A CLT annuity trust pays a fixed percentage of the trust's value, determined annually, to First Presbyterian Church Stillwater.

If you structure your CLT to return assets to you (not your heirs), you may obtain an income tax deduction for the charitable interest.