Due to the foresight and generosity of a Morris Township couple, Morristown Memorial will receive approximately half a million dollars for capital purposes. The E.W. Shirley Trust, a Charitable Remainder Unitrust (CRUT), was established by the late Esther Williams Shirley and her husband. The Shirleys named Morristown Memorial as the final recipient of this trust, which supplemented their income and that of their daughter, Charlotte Wyman, until her death two years ago.
Today, the benefits to establishing a CRUT include income for life or a specified term, a charitable income tax donation and savings on estate and capital gains taxes. The process is easy: donors simply transfer cash, securities, property or other assets into a trust that pays a fixed percentage annually.
To discuss establishing a CRUT, please contact Cynthia W. O’Donnell, JD, director of gift planning, at 973-593-2418.