Webb School of Knoxville
Webb School of Knoxville

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support webb choral students singing and performing in stands

Nongrantor Lead Trust

Nongrantor Lead Trust Diagram. Description of image is listed below.

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 Webb
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to Webb
  • 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

Contact Us

Hugh Nystrom '85
Director of Advancement
865.291.3837
Hugh.Nystrom@webbschool.org
Webb School of Knoxville
9800 Webb School Drive
Knoxville, TN 37923
Federal Tax ID: #62-0550980

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