Provide for Your Loved Ones and Ohio Wesleyan University

Charitable Lead Trusts

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Do you want to benefit from the tax savings that result from supporting Ohio Wesleyan University, yet you don't want to give up any assets that you'd like your family to receive someday? You can have it both ways with a charitable lead trust.

There are two ways charitable lead trusts make payments:
A charitable lead annuity trust pays a fixed amount each year to Ohio Wesleyan University and is more attractive when interest rates are low.

A charitable lead unitrust pays a variable amount each year based on the value of the assets in the trust. With a unitrust, if the trust's assets go up in value, for example, the payments to Ohio Wesleyan University go up as well.

Check Out This Potential Scenario

OWUGeorge would like to support Ohio Wesleyan University and provide for his children. Following his advisor's recommendation, George funds a charitable lead annuity trust with assets valued at $800,000. George's trust pays $56,000 (7 percent of the initial fair market value) to Ohio Wesleyan University each year for 15 years, which will total $840,000. After that, the balance in the trust goes to his children. His gift tax deduction is $698,488* against the $800,000 of assets. Therefore only the difference ($101,512) is subject to gift tax, which is offset against his lifetime gift tax exclusion. After that, the remaining trust assets and all of their growth will pass to his family at zero additional cost in gift and estate taxes. Had George given the $800,000 outright to his children, it would have been a taxable gift.

*Assuming annual payments and a 2.4 percent charitable midterm federal rate.

Learn How to Fund It

You can use the following assets to fund a charitable lead trust:

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Discover which type of charitable trust best fits your estate plan with the FREE guide Trusts: Choose From 2 Win-Win Ways to Donate.

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Next Steps

  1. Contact Jenny Joerger Batchelder, JD at 740-368-3043 or jajoerge@owu.edu to talk about supporting Ohio Wesleyan University by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Ohio Wesleyan University in your plans, please use our legal name and federal tax ID.

Legal Name: Ohio Wesleyan University
Address: Ohio Wesleyan University Attn: Office of Gift Planning, 61 S. Sandusky St. Delaware, OH 43015
Federal Tax ID Number: 31-4379585

Contact Info

Location

University Advancement Office
Mowry Alumni Center
61 S. Sandusky Street
Delaware, OH 43015
P 740-368-3078
F 740-368-3328
E giftplanning@owu.edu

DIRECTOR INFO

Jenny Joerger Batchelder, JD
Director of Gift Planning
P  740-368-3043
F  740-368-3328
E  jajoerge@owu.edu