A charitable lead trust is an especially useful tool in taxable estates. Assets that would otherwise be subject to a hefty estate tax are invested so that the income goes to Liberty Hill, offsetting much of the tax liability. After a period of years, the principal transfers back to the donor’s heir(s) with little or no tax owed.

Two Liberty Hill Donors Effect Real Change Through Philanthropy

by Anonymous (not verified) on October 03, 2014
bronsons (From left to right) Melissa Bersofsky Rodgers, Director of Development and Alumni Relations UCLA Luskin School of Public Affairs; Daniel Lee; Harold and Stephanie Bronson; VC Powe, Executive Director of External Programs UCLA Luskin School of Public Affairs; Paula Litt, Secretary Community Activist Liberty Hill Board of Directors

 

 

If L.A. is a city of many centers coming together, then Harold and Stephanie Bronson are quintessential Angelenos. They put their philanthropy to work in multiple centers, thoughtfully considering the impact of each of their donations, and they also craft their own initiatives to bring people and organizations together.

As Liberty Hill supporters and donor-advised account holders, their most recent innovation has been the creation of a paid internship for a UCLA Luskin School of Public Affairs graduate student to work with Liberty Hill.

“Organizations and people can learn from one another and this presented a good opportunity,” says Harold. “We met Frank Gilliam, former dean of the Luskin School, at a Liberty Hill retreat. So therefore we ‘met’ the Luskin through Liberty Hill and then, kind of flipping it back, funded the internship.”