Non-Grantor Charitable Lead Annuity Trust - Term Certain

Prepared for: Donor name

A. Input Assumptions
Date of transfer February 4, 2023
Fair market value of property transferred $1,000,000.00
The term income interest of the trust will last 20 years
Annual annuity rate 5%
Payment frequency Quarterly
Is payment at beginning or end of payment period End
The discount rate (effective 2/2023) is 4.6%
The mortality table is based on the census taken in 2000
B. Calculation of Gift and Estate Tax Deduction for Non-Grantor Trust
1. Fair market value of property transferred $1,000,000.00
2. Annual annuity rate 5%
3. Annuity amount payable on an annual basis $50,000.00
4. Factor for present worth of an annuity (based on Table B) 12.896
5. Line 3 annuity amount times Line 4 factor $644,800.00
6. Adjustment factor for payment frequency (from Table K) 1.0171
7. Present value of annuity interest (Line 5 * Line 6) $655,826.08
8. Value of annuity interest (lesser of Line 1 and Line 7). The gift or estate tax deduction $655,826.08
9. Present value of remainder interest = the non deductible remainder (Line 1 - Line 10) $344,173.92

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