CHARITABLE TRUST

Charitable remainder trusts are irrevocable trusts that let you donate assets to charity and draw annual income for life or for a specific time period.

You receive an immediate income tax charitable deduction for a portion of the gift amount. Capital gains tax is avoided at the time of transfer into the trust, leaving the full value of the asset to generate income for you.

At the end of the trust, the remaining amount is used by Saint Joseph Abbey and Seminary College to support the programs you care about. If you have an existing charitable remainder trust or charitable lead trust, there may be an opportunity to name SJASC as a beneficiary.

For more information, contact Debb De Noux at 985.867.2264 or by email at ddenoux@sjasc.edu.