Charitable Remainder Trusts


A Charitable Remainder Trust irrevocably transfers assets to a trust that pays a donor, and perhaps another beneficiary, annual distributions for life.

May result in favorable capital gains tax treatment. When trust ends, trustee distributes trust assets to one or more charitable organizations. Your financial institution will serve as trustee for charitable remainder trusts, and in most cases, there is no requirement that your financial institution receives remainder interest.

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.