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The New York Philharmonic

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Nongrantor Lead Trust

Nongrantor Lead Trust Diagram

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 the Philharmonic
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to the Philharmonic
  • 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

Contact Us

Russell Jones
Director, Major Gifts
212-875-5688
jonesr@nyphil.org

 
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