If you have substantial assets that you want to pass to your children or other heirs and you do not need the asset or income from that asset now, you should consider a charitable lead trust.
Charitable Lead Trust
A charitable lead trust is a “mirror image” of a charitable remainder trust. A lead trust pays the income to charitable beneficiaries for a term of years or for the trust makers’ lives, after which the remaining trust assets (principal plus any growth) pass to heirs or other non-charitable beneficiaries.
There are two types of lead trusts.
Charitable Lead Unitrust – Pays the charity a percentage of the corpus in the trust annually.
Charitable Lead Annuity Trust – Pays the charity a fixed amount from the corpus of the trust annually.
Any of the above information should not be considered legal, accounting or other professional advice. Please consult your own advisors. The charitable portion of your gift will be, if you so desire, credited to your Elk Foundation Habitat Partnership.
The Elk Foundation’s legal address is:
Rocky Mountain Elk Foundation
P.O. Box 8249
Missoula, MT 59807
Our tax identification number is:
81-0421425
The Trails Society is our recognition program for planned giving donors who remember the Elk Foundation. Recognition includes placing your name(s) on our recognition wall in the Missoula, Montana, Elk Country Visitor Center. If you desire to remain anonymous, we will certainly honor your wishes.
For more information, please contact:
Michelle Tucker
800-CALL ELK
Ext. 479
mtucker@rmef.org