Charitable Lead Trust

Protect Your Assets

If you want to make an impact now at the Archdiocese of Seattle and also provide for your family later, consider setting up a charitable lead trust. You transfer cash or other assets to a trust that makes payments to the Archdiocese of Seattle for a period of time. When the term is up, the remaining trust passes to your family or other beneficiaries you select.

There are two ways that charitable lead trusts make payments to the Archdiocese of Seattle:

A charitable lead annuity trust pays a fixed amount each year to the Archdiocese of Seattle and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year to the Archdiocese of Seattle based on the value of the assets in the trust. With a unitrust, if the trust’s assets go up in value, for example, the payments to the Archdiocese of Seattle go up as well.

An Example of How It Works

Father smiling with children You would like to support the Archdiocese of Seattle and receive tax benefits. You received a windfall amount of income and needs a large income tax deduction to offset the income. Following your advisor’s recommendation, you fund a grantor charitable lead annuity trust with assets valued at $1,000,000. Your trust pays $60,000 (6% of the initial fair market value) to the Archdiocese of Seattle each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to you. You receive an income tax charitable deduction of $614,445. Assuming the trust earns an average 8% annual rate of return, you receives approximately $1,600,286 at the end of the trust term.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

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Next Steps

Contact Erin Oest-Larsen at 206-382-4563 or plannedgiving@seattlearch.org to talk about supporting the Archdiocese of Seattle by setting up a charitable lead trust.
Seek the advice of your financial or legal advisor.
If you include the Archdiocese of Seattle in your plans, please use our legal name and federal tax ID.
If interested in making a planned gift to your local Parish and/or Parish School, please contact them directly with any questions. Planned gifts intended to support a Parish or School should be coordinated with the Parish or School on-site contact. Please also don’t hesitate to contact plannedgiving@seattlearch.org with any questions.

Legal name: the Corporation of the Catholic Archbishop of Seattle
Address: 710 9th Avenue, Seattle, WA 98104
Federal tax ID number: 91-0778147

Discover More

See which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From Two Ways to Donate.