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 92NY
  3. Remainder transferred to your heirs

Benefits

  • Annual gift to 92NY
  • 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

212.415.5755
Friends@92NY.org

The 92nd Street Y, New York
1395 Lexington Avenue
New York, NY 10128
Federal Tax ID #13-1624229

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See how your generous contributions to 92NY make a lasting difference to lives of many different people.

The 92nd Street Y, New York is a 501(c)(3) nonprofit organization registered in the US under EIN: 13-1624229. Charitable contributions supporting The 92nd Street Y, New York are tax-deductible to the extent allowed by law. Gifts may not be fully tax-deductible based on benefits received. For more information, please email the Friends of 92NY office.

More Ways to Give

For more information, please email the Friends office or call 212.415.5755.