Grantor Lead Trust
How It Works
- Create trust agreement stating terms of the trust (usually for a term of years), transfer cash or other property to trustee, and receive an income-tax deduction
- Trustee invests and manages trust assets and makes annual payments to Corewell Health
- Remainder transferred back to you
Benefits
- Annual gift to Corewell Health
- Property returned to donor at end of trust term
- Professional management of assets during term of trust
- Charitable income-tax deduction, but you are taxed on trust's annual income
More Information
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Lawrence Ghannam, JD |
Corewell Health Foundation |
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