The Sisters of Saint Joseph Life Income
Gifts, in the form of Charitable Remainder Unitrusts and
Annuity Trusts, assure future support of the mission of
the Sisters of Saint Joseph. Life Income Gifts may be
the best way for benefactors who would like to make a
gift of cash or securities to the Sisters of Saint Joseph
but wish to retain income for their lifetime or the lifetime
of a designated beneficiary.
In the case of a Unitrust, you as the benefactor select
a fixed percentage (not less than 5% and not more than
8%) of the fair market value of trust assets, valued annually.
The percentage paid to you will not vary from year to
year, but the dollar amount will, based on the fair market
value of the trust’s assets revalued annually.
With Annuity Trusts, the dollar amount paid each year
is fixed. The annuity amount will be no less than 5% but
not more than 8% of the initial net fair market value
of the assets transferred.
Charitable Remainder Unitrusts and Annuity Trusts for
the Sisters of Saint Joseph require a minimum gift of
$100,000 and the minimum age for a beneficiary is 55 years.
Agreements are limited to two beneficiaries. At the death
of the last beneficiary, the assets of the trust shall
be released for use by the Sisters of Saint Joseph. All
trusts are subject to the approval of the General Council
of the Congregation.
You, as the benefactor, receive a number of benefits,
including an immediate income tax deduction in the year
the trust is created. Transfer of your assets to a Unitrust
or Annuity Trust removes them from your estate, thereby
avoiding the estate taxes which otherwise would have been
required.
And, of course, the greatest benefit
is that you are sharing in the mission of the Sisters
of Saint Joseph -“to unite all people with God and
with one another.”
Email us for more information.
Sisters
of Saint Joseph
9701
Germantown Avenue
Philadelphia,
PA 19118-2694
(215)
248-7238
(800)
482-6510
FAX
(215) 248-7277
