JULY 23, 2010
Greetings from Ohio University!
Bobcats from the Class of 2010 are beginning careers in a challenging economy. For recent graduates and retirees alike, times of economic turbulence offer opportunity amid the uncertainty.
In this issue, we discuss the charitable lead trust (CLT), a gift vehicle which provides a reliable means for transferring wealth to loved ones and helping Ohio University at the same time. You can read about R. Smith and Patricia Schuneman, who used a CLT to fund a symposium in an area of personal interest and have enjoyed the results.
As always, I welcome your calls and emails if you would like more information. I look forward to speaking with you!
Sincerely,
Kelli L. Bell
bellk@ohio.edu
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 R. Smith and Patricia Schuneman are self-declared media lovers who have given generously to media studies at their alma mater by funding a symposium through a charitable lead trust. The Schunemans recommend a lead trust because it allows donors to enjoy their gift, as opposed to donating in one’s will, and the university receives the gift sooner. Read more
What is a Charitable Lead Trust?
A charitable lead trust is designed to reduce the taxes beneficiaries owe in estate tax by first donating a portion of the trust's income to charities and then, after a specified period of time, transferring the remainder of the trust to the beneficiaries. Read more
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