Charitable Lead Trust

Protect your Wealth for Future Generations

Estate, gift and generation-skipping taxes can consume 50% - 75% of a large estate, reducing the inheritance for your children or grandchildren by a heart-breaking amount. You can overcome this difficulty through charitable lead trusts, which offer a way to make a philanthropic gift while protecting your wealth for future generations.

A donor creates a Charitable Lead Trust by transferring ownership of an asset to a trust. The trust gives the income, or a percentage of the income, to Manhattan College each year for a period of years (usually 15-20). At the end of the period of years, the trust assets are given back to the donor or to named beneficiaries. The lead trust typically is used with assets with a potential for continued high appreciation. The trust permits the assets to be transferred to other family members at a low transfer cost.
Utilizing the lead trust, the donor may leave a significantly larger inheritance to his or her heirs than he or she could have left via a will or other trusts.

Cash
An outright gift of cash is the most common form of contribution to Manhattan College. It is the simplest form of giving. The gift is not subject to gift or estate taxation and you may deduct the gift up to 50% of your adjusted gross income in the year of the gift. If the gift exceeds the 50% limit, you can carry over the excess portion for up to 5 years.

Securities
Gifts of appreciated stocks provide the same benefit as cash gifts to the College. By gifting long-term appreciated securities, you can deduct the full fair market value of the securities – thus avoiding penalty capital gains taxes. In addition, you may deduct up to 30% of your adjusted gross income in the year of the gift. If the gift exceeds the 30% limit, you can carry over the excess portion for up to 5 years.
Please use this link for information about transferring securities to Manhattan College. (Noreen --- I would like to have the following 2 pages of instructions added here, thank you).

Electronic Stock Transfers To Manhattan College

1. Maintain the stock certificate (s) in your name. DO NOT change the name to Manhattan College prior to your broker’s making the electronic transfer.
   
   
2. Your broker should call the College’s broker:
   
   Ms. Sharon Sager
   Senior Vice President-Investments
   UBS Financial Services, Inc.
   1285 Avenue of the Americas
   New York, New York 10019-6028
   Phone: (212) 649-8052
   Fax:(212) 649-80863.
   The Manhattan College account number at UBS Financial Services, Inc. to receive electronic transfers is KU75003.
   The UBS Financial Services, Inc. DTC # is 221
   
3. 
   For tax purposes, your gift will be valued as of the date when the transfer is received electronically into the College’s
   account. The value of your gift will be the average of the high and low values on the day of receipt times the number of shares donated.
   
   
4. Confirm your gift in writing to:
   James H. Heisey
   Vice President College Advancement
   Manhattan College
   Manhattan College Parkway
   Memorial Hall
   Riverdale, New York 10471
   Phone: (718) 862-7278
   Fax: (718) 862-8021
   E-mail: James.Heisey@manhattan.edu