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Charitable Lead Trust

Individuals with very large estates can use a charitable lead trust to benefit the American Red Cross of Rhode Island and pass principal to family members with little or no tax penalty.

American Red Cross of Rhode Island HOW IT WORKS
You transfer assets to a trust that provides payments to the American Red Cross of Rhode Island for a term of years. Then the trust principal goes to your children, grandchildren, or others free of, or at greatly reduced, federal gift and estate tax. (Please note that a generation skipping tax (GST) is imposed on large transfers to grandchildren and others who are more than one generation younger than you.)

For more information, please contact Kristin Wieber Naragon, Chief Philanthropy Officer, at [email protected]iredcross.org or call 401-831-7700 x106.

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© Copyright 2002-2005 American National Red Cross. All rights reserved.
American Red Cross of Rhode Island 105 Gano Street :: PO Box 2496 Providence, RI 02906
Tel: (401) 831-7700 TOLL FREE 1-800-842-1122 Fax: (401) 831-0502

 


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