Nongrantor Lead Trust

Nongrantor Lead Trust Diagram. Description of image is listed below.

How It Works

Create trust agreement stating terms of the trust (usually for a term of years) and transfer cash or other property to trustee
Trustee invests and manages trust assets and makes annual payments to UAB
Remainder transferred to your heirs

Annual gift to UAB
Future gift to heirs at fraction of property's value for transfer-tax purposes
Professional management of assets during term of trust
No charitable income-tax deduction, but donor not taxed on annual income of the trust

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Kimberley S. Coppock, J.D.
Sr. Director of Development
Planned Giving
(205) 975-5970
kcoppock@uab.edu

UAB Office of Planned Giving
AB 1270
1720 2nd Avenue South
Birmingham, AL 35294
Federal Tax ID Number: 63-6005396