Nongrantor Lead Trust

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

How It Works

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

Benefits

  • Annual gift to LA Opera
  • 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

More Information

Have Questions?

Contact Amy Swain, Director of Major and Planned Gifts
213.972.3141
legacy@laopera.org

 

Los Angeles Opera Company
135 North Grand Avenue
Los Angeles, CA 90012

Federal Tax ID Number: 95-2096402

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