gifts through charitable lead trusts

Through Charitable Lead Trusts, donors can support the charitable needs of the West Side Ecumenical Ministry (WSEM) now and the remaining assets can be transferred to other individuals or even themselves at a later date.

How it works

• You contribute cash, securities or other properties to a trust.
• The trust makes fixed annual payments to WSEM for a specified number of years.
• When the trust ends, the remaining principal goes to your heirs.

Benefits of Charitable Lead Trusts

• You qualify for a gift tax deduction for the present value of the annuity payments to WSEM.
• Annuity payments and trust terms can be crafted in a way so as to reduce or eliminate the transfer taxes due when the principal reverts to your heirs.
• All appreciation that takes place in the trust is disseminated tax-free to your heirs.
• You can use your available estate tax credit to further reduce taxes on transfers to your heirs.
• You have the satisfaction of making a significant gift to WSEM now that reduces the taxes due on transfers to your heirs later.

Recognition: The WSEM Legacy Society
WSEM recognizes and honors friends of the agency who inform us of their intention to invest in the future of Cleveland's children, youth and families through planned or deferred gift arrangements.

Contact Us
For further information on how you can establish a charitable lead trust to benefit WSEM, please contact the Advancement Department at (216) 651-2037.