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Charitable Lead Trusts
A charitable lead annuity trust is when the income from the trust is paid to NJIT for a number of years (based on a term or lifetime), the remained is returned a beneficiary.
Summary of Benefits
- Support the university through annual income payouts
- Reduce your taxable estate and potential gift taxes
- Keep assets in the family
- Funds the trust during your lifetime or through your will
If you are interested in learning more about charitable lead trusts, please call Monique Pryor, Esq., Assistant Vice President of Planned giving, at (973) 596-8548 NJIT recommends that you consult with your legal and financial advisors before proceeding with any planned gift.
