Newswise: BizNews - newswise.com
The USC Marshall School of Business has received more than $5 million in three contributions through a newly approved type of charitable remainder trust that gives donors the likelihood of much better investment returns while they support the school. While many universities offer charitable remainder trusts, the University of Southern California's new program is one of very few that allows trust principal to be invested in the university's endowment. Traditional remainder trusts don't allow such investments in a university's endowment.