Young couple smiling

Provide for your loved ones and
Walla Walla University

Charitable lead trusts

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

View the Free Brochure

Do you want to benefit from the tax savings that result from supporting Walla Walla University, yet don’t want to give up any assets that you would 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:

  1. A charitable lead annuity trust pays a fixed amount each year to Walla Walla University and is more attractive when interest rates are low.
  2. 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 assets go up in value, for example, the payments to Walla Walla University go up as well.

Check out this potential scenario

Man smiling George would like to support Walla Walla University and receive tax benefits. George received a windfall amount of income and needs a large income tax deduction to offset the income. Following his advisor’s recommendation, George funds a grantor charitable lead annuity trust with assets valued at $1,000,000. George’s trust pays $60,000 (6% of the initial fair market value) to Walla Walla University each year for 15 years, which will total $900,000. After that, the balance in the trust reverts back to George. He receives an income tax charitable deduction of $614,445. Assuming the trust earns an average 8% annual rate of return, George receives approximately $1,600,286 at the end of the trust term.

*Based on a 5.2% charitable midterm federal rate. Deductions and calculations will vary depending on your personal circumstances.

Learn how to fund it

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

Calculate your benefits

Gift Illustrator

Submit a few details and see how a charitable lead trust can benefit you.

See My Benefits.

Next steps

  1. Contact Dorita Tessier, CFRE, CSPG at (509) 527-2646 or dorita.tessier@wallawalla.edu to talk about supporting Walla Walla University by setting up a charitable lead trust.
  2. Seek the advice of your financial or legal advisor.
  3. If you include Walla Walla University in your plans, please use the legal name and federal tax ID.

Legal name: Walla Walla University
Address: 204 South College Avenue, College Place, WA 99324
Federal tax ID number: 91-0617727

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

View the Free Brochure

Not Sure How to Begin Planning?

Download our FREE Personal Estate Planning Kit