Charitable Lead Trusts


A Charitable Lead Trust to benefit the IHM Sisters is essentially the mirror image of the Charitable Remainder Trust.

But instead of the donor receiving an annual distribution, the IHM Sisters receive the annual distributions for a period of time, Charitable Lead Trust: donate your annual distributionat the end of which the property reverts to the donor’s heirs.

A Charitable Lead Trust is most appropriate when donors have little need for the additional income that an asset produces, yet wish to transfer the value of the asset to their heirs with minimal tax consequences.

This technique transfers sizable amounts to family members with reduced gift and estate taxes, and the generation-skipping tax is often minimized. Unlike a Charitable Remainder Trust, a lead trust does not necessarily entitle the donor to an income tax deduction at the onset of the trust.

Contributions to the Sisters of IHM may be deductible for income tax purposes as provided by law. The Congregation is a 501(c)(3) organization; Tax ID # 24-0795454.  Our full legal name is the Sisters, Servants of the Immaculate Heart of Mary, Scranton.