Grantor Lead Trust

How It Works

1. Create trust agreement stating terms of the trust (usually for a term of years), transfer cash or other property to the University of Illinois Foundation, and receive an income-tax deduction
2. The University of Illinois Foundation invests and manages trust assets and makes annual payments to benefit UIC for the purposes you specify
   
3. Remainder transferred back to you

Benefits

• Annual gift to the University of Illinois Foundation to benefit UIC for the purposes you specified when you created the trust
  
• Property returned to you at end of trust term
• Professional management of assets during term of trust
• Charitable income-tax deduction, but you are taxed on trust's annual income

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