Charitable Lead Trusts (CLT)

Give Through a Charitable Lead Trust (CLT)

A Charitable Lead Trust (CLT) is a smart way to support the BHI Foundation now while still benefiting your family later. With a CLT, you can provide a set stream of income to your community via the BHI Foundation for a fixed term, after which the remaining assets pass to your beneficiaries.

How to Get Started

Important Legal Information

  • Legal name
    BHI Foundation, Inc
  • Address
    8330 Allison Pointe Trail, Indianapolis, IN 46250
  • Tax ID
    (EIN) 35-1680796
  • The BHI Foundation is a 509(a)(3) supporting organization; contributions are tax-deductible under U.S. and Indiana law.

How a charitable lead trust works

  • When you establish a CLT, a predetermined amount of the trust’s assets are given to the BHI Foundation annually for a set period of time.
  • At the end of the term, the remainder of the funds can be transferred to the trust’s noncharitable beneficiaries, such as family members.
  • Setting up a CLT as part of an estate plan may reduce or even eliminate gift and estate taxes on trust assets passed to family members.

Sample Language for a CLT

“I hereby establish a charitable lead trust under the terms of [Trust Name], to pay [amount or percentage] annually to BHI Senior Living Foundation, Inc., located at 8330 Allison Pointe Trail, Indianapolis, IN 46250, Tax ID 26-0262903, for a term of _ years (or lifetime of [beneficiary]). At the end of the term, the remainder of the trust shall be distributed to my designated beneficiaries.”

Your attorney can adapt this template to your situation.

Why This Strategy Matters

  • You support your community via the BHI Foundation today with a predictable income stream.
  • You can preserve wealth for your heirs, the remainder passes to them.
  • You may benefit from income tax deductions and reduced estate or gift taxes.
  • It is flexible: you choose the term, payment schedule, and trust structure to match your goals.

How to Get Started

If you’re considering a Charitable Lead Trust and want to explore whether it’s right for you, we’re here to help:

Major & Planned Giving Office

765-543-3289

info@bhifoundation.org

Frequently Asked Questions

You choose. A CLT can be set for a fixed number of years or for the life of a beneficiary (or combination).

Yes, if you structure the trust so you or another individual are the non-charitable recipient for the designated term, with the remainder going to BHI thereafter.

Assets such as cash, stocks, real estate, or other appreciated property may be used. The trust must be able to generate the required payments to BHI.

Acceptance depends on the trust being legally valid, the asset type, and compliance with IRS rules. We work with donors and advisors to evaluate each case.

Most CLTs are irrevocable once established. However, terms may allow flexibility under certain conditions. Work with your advisor to craft the right structure.