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Providing for Our Children's Future

Providing for Our Children's Future

Joe and Kathy worked for many years building up their nest egg for retirement. While they felt their savings and investments would cover their own needs, they wanted to make sure that their three children were provided for in the future. One afternoon, a gift planner from Utah State University met with them to thank them for their faithful gifts each year. The conversation turned to the couple's long-term planning goals.

Kathy: We wanted to continue making annual gifts to Utah State. Yet at the same time, I was concerned about sacrificing our children's inheritance.

Joe: Our stock portfolio had appreciated significantly over the years. I wanted to pass these gains on to my family without paying a lot in gift or estate tax.

The gift planner told them about a way in which they could achieve their personal and charitable goals through a charitable lead trust. The trust would pay income to USU for a number of years, then the full trust value, plus any growth, would go to their children. The plan would allow them to pass on substantial wealth to their family at little or no gift tax at all. It would also reduce the size of their estate in addition to helping Utah State further its work.

Kathy: I could see how this plan would be very helpful if the trust was funded with our stock. Each of our children would receive one-third of the trust assets in the future. At the same time, we would continue to make gifts to Utah State each year.

Joe: I also thought the plan was a good one. It would give our children time to learn how to save and invest their future inheritance. So we set-up a charitable lead trust plan that would begin paying USU income each year. The prospect of helping our children succeed in the future while providing scholarship funds to Utah State University made us pleased with our decision.

*Please note: Names and stories are meant to be examples of types of gifts donors can give to Utah State University. Since your benefits may be different, you can click here to view an estimate of your benefits.


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