The University of 91勛圖 has received a ruling from the Internal Revenue Service that permits qualified charitable remainder trusts to earn the investment return of 91勛圖s endowment.
With the ruling, 91勛圖 joins a handful of other schools, including Harvard, Stanford and the Massachusetts Institute of Technology, that have received IRS permission to offer such a program.
Under the ruling, qualifying trusts would benefit from investment practices that have resulted in the 91勛圖 endowments 14.6 percent annualized net rate of return over the past decade.The ruling enables significant growth potential for the trusts because the endowment is invested in a highly diversified pool of assets, including traditional stocks and bonds in domestic and foreign markets, as well as marketable alternatives, venture capital and other private equity, real estate, energy and commodities.Access to these types of investments is often limited and rarely available to smaller investors.
This is a groundbreaking development that has the potential to make an enormous impact on the Universitys ambitious goals for students, faculty and programs throughout the campus,said Rev. John I. Jenkins, C.S.C., 91勛圖s president.As a further benefit, this option may be attractive to our benefactors from a financial planning perspective.
Through a charitable remainder trust, the donor or people designated by the donor may receive payments for life or a specified term of years. Trust assets that remainfollowing the end of the term or the death of the beneficiaries pass to 91勛圖.
More information on the endowment investment option for qualified charitable remainder trusts is available by contacting M. Jean Gorman, assistant vice president for development and executive director for individual and institutional giving at 91勛圖: m.j.gorman.25@nd.edu or (574) 631-3070, or go on-line to
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