| Charitable
Lead Trusts Phil and Alicia had a successful business developing
both residential and commercial real estate. They realized that their assets provided
more income than they need for their family's current living expenses; however
they wanted to maintain their assets to ensure their grandchildren would have
resources for college educations.  One
of their first charitable gifts had been a gift
of appreciated stock. They discussed their circumstances with their financial
advisor who showed them how they could make a charitable gift now and be able
to enjoy seeing the results while they were still here. Phil: "It
really has been a wonderful ride. When we first started developing residential
housing, we had no idea where it would all lead. We were fortunate to make some
choices that really set up the company for success. It's grown beyond our wildest
dreams." Alicia: "We have been able to provide a wonderful
home for our children, but they are off on their own now with their own families.
While the company has grown, our immediate needs have shrunk." Phil:
"Not too long ago, we sat down with our kids and our advisors and talked about
what was important to us and what we really wanted. Our kids are all doing fine
on their own. We certainly don't need more. Our attorney told us about something
called a charitable lead trust funded with some of our excess assets."  Alicia:
"It sounded great to us - some tax benefits and our estate remains intact for
our grandchildrens' education. While we are helping to make a difference in other
people's lives, we're able to do it while we're here and can be part of it. It
really feels good to see firsthand how the income from the trust can really make
a difference ."
Phil and Alicia wanted to contribute $250,000. They
placed a sufficient amount of income producing commercial property into a Charitable
Lead Trust (CLT) that would make annual payments of $25,000 over ten years.
This will provide the charity with $250,000 in total and after ten years, the
assets will pass to the donor's heirs. Because the gift tax deduction and the
amount subject to gift tax is determined at the time the assets are contributed
to the CLT, any appreciation of the assets that takes place during the term of
the trust is not subject to additional gift or estate tax. As we said earlier,
there are as many ways to support CSUB as there are needs for your support. Please
contact us should you have questions or if you would
like to discuss your personal circumstances to see how you can enrich your heart
and the lives of others as many others already have. The next
page has some final thoughts. | 
