A charitable lead trust holds an income-producing asset in a trust for a fixed term, or for the life of an individual. During this time, income is paid to the Designated Masonic Charity. At the conclusion of the trust term, the asset is returned to the donor (in the case of a grantor lead trust) or to another beneficiary (in the case of a nongrantor lead trust). This donation strategy is generally appropriate only when donation amounts exceed $500,000.