2025-11-01T10:57:29+00:00 2024-12-31 135565207 KPMG LLP 345 Park Avenue New York NY 101540102 990 2024-01-01 136110872 HADASSAH MEDICAL RELIEF ASSOCIATION INC HADA 2123557900 40 WALL STREET NEW YORK NY 10005 Ron Aloni CFO/COO 2123557900 2025-11-01 true true Toby Kerslake P01875806 2127589700 2025-11-01 2024 2025-03-06 01:10:19Z ELLEN FINKELSTEIN 40 WALL STREET NEW YORK NY 10005 212281554 false X WWW.HADASSAH.ORG X 1925 NY SUPPORT HADASSAH, AN ORGANIZATION THAT THROUGH EDUCATION, ADVOCACY, AND YOUTH DEVELOPMENT, AND ITS SUPPORT OF MEDICAL CARE AND RESEARCH, ENHANCES THE HEALTH AND LIVES OF PEOPLE IN ISRAEL, THE UNITED STATES AND WORLDWIDE. 12 12 0 13 84360 12149 9979486 323361 0 0 22340029 50216470 51245 35060 32370760 50574891 62275322 58411056 0 0 0 0 0 0 2429707 2881145 64705029 61292201 -32334269 -10717310 635523164 678979177 423228130 453088987 212295034 225890190 HADASSAH MEDICAL RELIEF ASSOCIATION, INC. IS FORMED TO SUPPORT, AS A TYPE I SUPPORTING ORGANIZATION, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("HWZOA"). SEE SCHEDULE O. false false 58411056 58411056 0 GRANTS TO AFFILIATES: BEGINNING IN 2021, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") GRANTED TO HMRA THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND INVESTING CERTAIN INVESTMENT ASSETS. FOR INVESTMENT PURPOSES ONLY, HMRA IS ALLOWED TO POOL AND MANAGE THE FUNDS WITH FUNDS OWNED BY HMRA AND THE HADASSAH FOUNDATION, INC. ("HF"). ON A QUARTERLY BASIS, HMRA TRANSFERS TO HWZOA AND HF THEIR PRO RATA SHARE OF INVESTMENT INCOME. IN ADDITION, HMRA TRANSFERS TO HWZOA DISTRIBUTIONS FROM ENDOWMENTS HELD BY HMRA. 58411056 true true false false false false false false false true true true false false true true false true false false true false false false false false false true false true false false false false false false false false false false false false false false false true true true false false true X 0 0 0 true true true IS BF CJ false false false false false false false false false false X 12 12 false false false false true true true true false false false false true true true true true true false false false false CA FL KY MI NJ PA TN UT VA X X JODI WECHTER LEVY 2123557900 40 WALL STREET NEW YORK NY 10005 CAROL ANN SCHWARTZ PRESIDENT (AS OF 1/1/2024) 6.0 34.0 X X 0 0 0 FRAN FELDMAN VICE PRESIDENT 6.0 21.0 X X 0 0 0 JILL SAPPERSTEIN VICE PRESIDENT 6.0 21.0 X X 0 0 0 LIZ ALPERT VICE PRESIDENT 6.0 21.0 X X 0 0 0 MARCIA GABRILOVE LADIN SECRETARY 6.0 34.0 X X 0 0 0 MICHELLE HUBERTUS VICE PRESIDENT 6.0 21.0 X X 0 0 0 PEG ELEFANT VICE PRESIDENT 6.0 21.0 X X 0 0 0 VALERIE LOWENSTEIN VICE PRESIDENT 6.0 21.0 X X 0 0 0 Viviane Kovacs Treasurer (AS OF 1/1/2024) 6.0 34.0 X X 0 0 0 ELLEN HERSHKIN PAST NATIONAL PRESIDENT 6.0 21.0 X 0 0 0 MARCIE NATAN PAST NATIONAL PRESIDENT 6.0 21.0 X 0 0 0 RHODA SMOLOW Past National President 6.0 21.0 X 0 0 0 NAOMI LEAH ADLER CHIEF EXECUTIVE OFFICER (UNTIL 1/10/2024) 1.0 39.0 X 0 364744 14044 RON ALONI CFO/COO & CO-INTERIM CEO (AS OF 1/6/2024) 1.0 39.0 X 0 464992 103160 SHERYL ZELIGSON CLO, GEN COUNSEL & CO-INTERIM CEO (AS OF 1/6/2024) 1.0 39.0 X 0 470107 81835 0 1299843 199039 0 false true false Offit Capital Advisors LLC Invest 495 Lexington Ave 24FL New York NY 10017 CONSULTING SERVICES 800000 1 315327 8034 4035 323361 0 0 0 0 0 6150539 84360 6066179 35022 35022 0 0 205772594 161706663 44065931 0 44065931 44065931 0 Other Income 900099 38 38 0 0 0 0 38 50574891 0 84360 50167170 58411056 58411056 1907636 1907636 0 0 0 0 970281 970281 3228 3228 0 0 0 0 61292201 58411056 2881145 0 1364 1554 4897536 1722026 1017857 578533 0 0 0 0 125745 77596 51376 48149 276240104 250241513 336664927 409737402 0 16650000 16650000 635523164 678979177 0 0 0 0 15000000 15000000 408228130 438088987 423228130 453088987 X 1794285 2167587 210500749 223722603 212295034 225890190 635523164 678979177 X -10717310 24712002 -399536 X false true true false X 79649824 806296 88167954 9979486 323361 178926921 0 0 79649824 806296 88167954 9979486 323361 178926921 16338353 162588568 4505823 4401117 3491809 4334542 6101201 22834492 0 0 0 0 12149 12149 21191 0 0 75 38 21304 201794866 0 0.80571 0.86521 X Schedule A, Part II, Line 10 Other Income DESCRIPTION - CATALOG SALES, COLUMN A - 5.0, COLUMN B - , COLUMN C - , COLUMN D - , COLUMN E - , COLUMN F - 5.0; DESCRIPTION - OTHER REVENUE, COLUMN A - 21186.0, COLUMN B - , COLUMN C - , COLUMN D - 75.0, COLUMN E - 38.0, COLUMN F - 21299.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 188235317 311246 20964295 8053687 201457171 176428115 39831 19098955 7331584 188235317 217784014 903562 -28919874 853585 12486002 176428115 193551575 6607002 28325265 10672115 27713 217784014 172224475 1829171 30007973 980214 9529830 193551575 0.0 0.5004 0.4996 false false 125745 77596 48149 48149 Closely-held equity interests Financial derivatives Alternative Investments 409737402 F 409737402 Federal Income Taxes Due to Affiliates & Other Related Parties 438088987 438088987 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part V, Line 4 Intended uses of endowment funds HMRA ENDOWMENT FUNDS REPRESENTED IN SCHEDULE D, PART V ARE COMPRISED OF PERMANENTLY RESTRICTED AND TEMPORARILY RESTRICTED NET ASSETS. THE PERMANENTLY RESTRICTED NET ASSETS ARE SUBJECT TO DONOR-IMPOSED RESTRICTIONS, WHICH STIPULATE THAT THE PRINCIPAL BE MAINTAINED PERMANENTLY BUT PERMIT HMRA TO EXPEND PART OR ALL OF THE INCOME AND GAINS DERIVED THEREFROM. THE INCOME AND GAINS ARE TEMPORARILY RESTRICTED NET ASSETS. THESE FUNDS WILL BE USED TO SUPPORT MEDICAL CARE AND RESEARCH AT HADASSAH MEDICAL ORGANIZATION AND TO ENHANCE THE HEALTH AND LIVES OF PEOPLE IN ISRAEL, THE UNITED STATES AND WORLDWIDE. Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote THE ORGANIZATION RECOGNIZES THE EFFECT OF INCOME TAX PROVISIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT OF BEING SUSTAINED. INCOME GENERATED FROM ACTIVITIES UNRELATED TO THE ORGANIZATION'S EXEMPT PURPOSE IS SUBJECT TO TAX UNDER INTERNAL REVENUE CODE SECTION 511. TAXES ON DISALLOWED EXPENSES AND VALUE ADDED TAX PAID WERE INCLUDED IN THE SECTIONS OF THE EXPENSES ON WHICH THE TAX WAS IMPOSED. AS OF DECEMBER 31, 2024 AND 2023, THE ORGANIZATION DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS OR ANY UNRELATED INCOME TAX LIABILITY, WHICH WOULD HAVE A MATERIAL IMPACT UPON ITS CONSOLIDATED FINANCIAL STATEMENTS. Central America and the Caribbean 0 0 Investments 179819649 Middle East and North Africa 0 0 Investments 479041 0 0 0 0 0 0 180298690 0 180298690 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEAN-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual true Hadassah The Women's Zionist Organization of America Inc 40 Wall Street New York NY 10005 131656651 501(C)(3) 56472766 General Support Hadassah Foundation Inc 40 Wall Street New York NY 10005 134022483 501(C)(3) 1938290 General Support 2 0 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds BEGINNING IN 2021 HMRA, AS A SUPPORTING ORGANIZATION OF ITS RELATED ENTITY HWZOA, HAS THE DISCRETION AND RESPONSIBILITY FOR ADMINISTERING, MANAGING AND INVESTING CERTAIN INVESTMENT ASSETS OF ITS SUPPORTED ENTITIES. IN CY 2024, HMRA TRANSFERRED TO HWZOA AND HADASSAH FOUNDATION, INC. THEIR PRO RATA SHARE OF THE INVESTMENT RETURN GENERATED BY THEIR NET ASSETS. HMRA ALSO GRANTS TO HWZOA SPENDABLE INCOME FROM ENDOWMENTS WHICH HWZOA THEN IN TURN AWARDS GRANTS, AFTER BOARD APPROVAL, WHICH ARE IN LINE WITH HWZOA'S MISSION. ALL GRANTEES ARE REQUIRED TO PROVIDE WRITTEN DOCUMENTATION ON THE USE OF THE FUNDS. THERE IS ONGOING COMMUNICATION BETWEEN ALL GRANTEES AND MANAGEMENT INCLUDING PERIODIC SITE VISITS. true false false false false false false false false NAOMI LEAH ADLER CHIEF EXECUTIVE OFFICER (UNTIL 1/10/2024) 0 87474 0 0 0 277270 0 7855 0 6189 0 378788 0 0 RON ALONI CFO/COO & CO-INTERIM CEO (AS OF 1/6/2024) 0 464026 0 0 0 966 0 36225 0 66935 0 568152 0 0 SHERYL ZELIGSON CLO, GEN COUNSEL & CO-INTERIM CEO (AS OF 1/6/2024) 0 467335 0 0 0 2772 0 36225 0 45610 0 551942 0 0 Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation HADASSAH MEDICAL RELIEF ASSOCIATION, INC. (HMRA) DOES NOT HAVE ANY EMPLOYEES. HMRA RELIES ON OFFICERS AND KEY EMPLOYEES OF HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. (HWZOA, EIN: 13-1656651) A 501(C)(3) TAX EXEMPT ORGANIZATION, WHO PAYS ALL RELATED COMPENSATION. HWZOA'S CURRENT ACCOUNTING PROCEDURES DO NOT SEPARATELY TRACK SUCH EXPENDITURES FOR EACH ORGANIZATION. HMRA RELIES ON HWZOA FOR ESTABLISHING COMPENSATION OF THE TOP MANAGEMENT OFFICIAL THROUGH THE USE OF AN INDEPENDENT COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, AND APPROVAL BY the board OR COMPENSATION COMMITTEE. Schedule J, Part I, Line 4a Severance or change-of-control payment THE FOLLOWING INDIVIDUAL RECEIVED A SEVERANCE PAYMENT DURING 2024: NAOMI LEAH ADLER - $276,923 THIS AMOUNT IS REPORTED ON SCHEDULE J, PART II, COLUMN B(iii). Schedule J, Part II ADDITIONAL DISCLOSURE SCHEDULE J PART II COLUMN C CONSISTS ONLY OF CONTRIBUTIONS TO COMPANY RETIREMENT PLANS. PART II COLUMN D INCLUDES NOT ONLY EMPLOYER PROVIDED BENEFITS, BUT ALSO EMPLOYEE CONTRIBUTIONS FOR HEALTH INSURANCE, MEDICAL AND/OR CHILDCARE FLEXIBLE SPENDING ACCOUNTS, AND QUALIFIED TRANSPORTATION FRINGE BENEFITS. Form 990, Part III, Line 1 ORGANIZATION'S MISSION HADASSAH MEDICAL RELIEF ASSOCIATION, INC. IS FORMED TO SUPPORT, AS A TYPE I SUPPORTING ORGANIZATION, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC., A NEW YORK NOT-FOR-PROFIT CORPORATION ("HWZOA"). HWZOA IS A VOLUNTEER ORGANIZATION THAT INSPIRES A PASSION FOR AND COMMITMENT TO THE LAND, THE PEOPLE, AND THE FUTURE OF ISRAEL. THROUGH EDUCATION, ADVOCACY, AND YOUTH DEVELOPMENT, AND ITS SUPPORT OF MEDICAL CARE AND RESEARCH AT HADASSAH MEDICAL ORGANIZATION, HWZOA ENHANCES THE HEALTH AND LIVES OF PEOPLE IN ISRAEL, THE UNITED STATES AND WORLDWIDE. Form 990, Part V, Line 1a Form 1096 and 1099-MISC THE ORGANIZATION DOES NOT FILE FORMS 1099-MISC OR FORMS 1096. THE ORGANIZATION AND ITS RELATED ORGANIZATION, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. (HWZOA) (EIN:13-1656651), SHARE ADMINISTRATIVE RESPONSIBILITIES. AS SUCH, HWZOA ADMINISTERS PAYMENTS TO INDEPENDENT CONSULTANTS AND FURNISHES FORMS 1099-MISC, AS REQUIRED, AND IS RESPONSIBLE FOR FILING HADASSAH MEDICAL RELIEF ASSOCIATION, INC.'S 13-6110872 FORM 1096. Form 990, Part VI, Line 15 PROCESS TO ESTABLISH COMPENSATION HADASSAH MEDICAL RELIEF ASSOCIATION, INC. HAS NO EMPLOYEES. INSTEAD, SERVICES ARE PERFORMED ON ITS BEHALF BY ITS RELATED ORGANIZATION, HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. [HWZOA, EIN: 13-1656651] A 501(C)(3) TAX EXEMPT ORGANIZATION. WHEN A NEW OFFICER OR KEY EMPLOYEE IS HIRED, HWZOA CONDUCTS A REVIEW OF VARIOUS COMPARABILITY DATA FOR COMPARABLE POSITIONS AT SIMILARLY SITUATED ORGANIZATIONS, WITH THE ASSISTANCE OF OUTSIDE COUNSEL AND THE SEARCH FIRM. THE ORGANIZATION SETS COMPENSATION WITHIN THE RANGE OF THE GOING MARKET RATE. THE COMPENSATION AMOUNT IS REVIEWED AND APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD. NO INDIVIDUAL HAVING A CONFLICT OF INTEREST IS PERMITTED TO PARTICIPATE IN THE REVIEW OR DECISION. THESE PROCEDURES ARE DOCUMENTED CONTEMPORANEOUSLY. IN SUBSEQUENT YEARS, AN INDIVIDUAL MAY RECEIVE A SALARY INCREASE AS APPROVED BY THE COMPENSATION COMMITTEE. BONUSES ARE GENERALLY NOT AWARDED. Form 990, Part VI, Line 6 Classes of members or stockholders HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") IS A VOLUNTEER AND A MEMBERSHIP WOMEN'S ORGANIZATION, WHOSE MEMBERS ARE MOTIVATED AND INSPIRED TO STRENGTHEN THEIR PARTNERSHIP WITH ISRAEL, ENSURE JEWISH CONTINUITY, AND REALIZE THEIR POTENTIAL AS A DYNAMIC FORCE IN AMERICAN SOCIETY. HWZOA'S MEMBERS ELECT THE DIRECTORS OF THE NATIONAL BOARD ANNUALLY AT THEIR NATIONAL BUSINESS MEETING EXCEPT FOR CERTAIN REGION PRESIDENT BOARD MEMBERS WHO SERVE AS DIRECTORS BY VIRTUE OF THEIR POSITION IN THE ORGANIZATION AND WHO ARE CHOSEN BY THE REGION PRESIDENTS. THE MEMBERSHIP OF HADASSAH MEDICAL RELIEF ASSOCIATION, INC. ("HMRA") CONSISTS OF THE CORPORATE ENTITY,HWZOA. THE EXECUTIVE COMMITTEE OF HWZOA SERVES AS THE BOARD OF DIRECTORS OF HMRA. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body SEE PART VI, LINE 6 EXPLANATION ABOVE. Form 990, Part VI, Line 7b Decisions requiring approval by members or stockholders SEE PART VI, LINE 6 EXPLANATION ABOVE. Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body In 2024, there were no active committees with authority to act on behalf of the governing body. Form 990, Part VI, Line 11b Review of form 990 by governing body THE RETURN IS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM BASED ON INFORMATION PROVIDED BY HWZOA AND IN CONSULTATION WITH HWZOA'S STAFF. THE DRAFT PREPARED BY THE ACCOUNTING FIRM IS THEN CAREFULLY REVIEWED BY HWZOA. A COPY OF THE FINAL FORM 990 IS PROVIDED TO EACH OF THE BOARD MEMBERS PRIOR TO FILING WITH THE IRS. THE FORM 990 IS MADE AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND IS ALSO ON HADASSAH'S WEBSITE. Form 990, Part VI, Line 12c Conflict of interest policy A CONFLICT OF INTEREST DISCLOSURE STATEMENT IS OBTAINED ANNUALLY FROM ALL NATIONAL BOARD MEMBERS OF HMRA AND ALL NATIONAL STAFF OF HWZOA WHO ARE CURRENTLY SERVING THE ORGANIZATION. WHEN A CONFLICT ARISES FOR ANY NATIONAL BOARD MEMBER, THAT NATIONAL BOARD MEMBER SHALL REPORT IT IN WRITING TO THE CHAIR OF THE ETHICS COMMITTEE. WHEN A CONFLICT OF INTEREST ARISES FOR ANY NATIONAL STAFF MEMBER, THAT STAFF MEMBER SHALL REPORT IT IN WRITING TO THEIR DIRECT SUPERVISOR AND TO THE DIRECTOR OF HUMAN RESOURCES. THE POTENTIAL CONFLICT IS THEN BROUGHT TO THE CHAIR OF THE ETHICS COMMITTEE. THE ETHICS COMMITTEE REVIEWS EACH DISCLOSURE AT A MEETING CONVENED FOR THAT PURPOSE. THE INTERESTED PERSON MAY NOT VOTE ON RELATED MATTER, OR PARTICIPATE IN OR BE PRESENT AT THE DISCUSSION. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION DOES NOT MAKE ITS GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FINANCIAL STATEMENTS ARE AVAILABLE ON THE ORGANIZATION'S WEBSITE. Form 990, Part VII, Section A FILING ORGANIZATION COMPENSATION HADASSAH MEDICAL RELIEF ASSOCIATION, INC.'S (HMRA) DOES NOT HAVE ANY EMPLOYEES. HMRA RELIES ON OFFICERS AND KEY EMPLOYEES' OF HADASSAH, THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. (HWZOA, EIN: 13-1656651), WHO PAYS ALL RELATED COMPENSATION. Form 990, Part XI, Line 9 Other changes in net assets or fund balances Bad Debt Expense - -399536; Total - -399536; FORM 990, PART VIII RELATED ORGANIZATION INVESTMENT REPORTING HADASSAH MEDICAL RELIEF ASSOCIATION, INC., ("HMRA"), HOLDS AND MANAGES THE INVESTMENTS FOR ITS RELATED SECTION 501(C)(3) ORGANIZATIONS; HADASSAH THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA, INC. ("HWZOA") AND THE HADASSAH FOUNDATION, INC. IN YEARS WHERE INVESTMENT LOSS IS INCURRED, THE LOSS IS RECORDED AS A GRANT TO HMRA FROM HWZOA AND FROM THE HADASSAH FOUNDATION, INC. HADASSAH THE WOMEN'S ZIONIST ORGANIZATION OF AMERICA INC 40 WALL STREET NEW YORK NY 10005 131656651 CHARITABLE NY 501(c)(3) 7 NA false THE HADASSAH FOUNDATION INC 40 WALL STREET NEW YORK NY 10005 134022483 CHARITABLE NY 501(c)(3) Type I HWZOA true HADASSAH OFFICE IN ISRAEL Man Kalman No 1 POBOX 12249 JERUSALEM IS 9112102 CHARITABLE IS HWZOA true HADASSAH INTERNATIONAL LTD CONYERS CORPORATE SERVICES BERMUDA CLARENDON HOUSE 2 CHURCH STREET HAMILTON PEMBROKE BD HM11 CHARITABLE BD HWZOA true HADASSAH MEXICO AC HACIENDA EL CIERVO HUIXQUILUCAN MX 7AJR2527 CHARITABLE MX HWZOA true HADASSAH MEDICAL ORGANIZATION Man Kalman No 1 POBOX 12000 JERUSALEM IS 9101002 CHARITABLE IS HWZOA true HADASSAH YOUTH SERVICES AMUTA KIRYAT HADASSAH PO BOX 1200 JERUSALEM IS 9112102 CHARITABLE IS HWZOA true HADASSAH INTERNATIONAL ISRAEL LTD (CC) Man Kalman No 1 POBOX 12249 JERUSALEM IS 9112102 CHARITABLE IS HWZOA true MEIR SHFEYAH FOR PROMOTION OF EDUCATION KIRYAT HADASSAH PO BOX 1200 JERUSALEM IS 9112102 CHARITABLE IS HWZOA true HADASSAH STIFTUNG DEUTSCHLAND HAMORSTRABE 16 NEUSS GM 41460 CHARITABLE GM HWZOA true HADASSAH SWITZERLAND CO DR ALESCH STAEHELIN VORDERFELDSTRASSE MEILEN ZURICH SZ 8706 CHARITABLE SZ HWZOA true CHARITABLE REMAINDER ANNUITY TRUST (23) INVESTMENTS NY HWZOA Trust false CHARITABLE REMAINDER UNITRUSTS (14) INVESTMENTS NY HWZOA Trust false POOLED INCOME FUND (1) INVESTMENTS NY HWZOA Trust false false true true true false false false false false false false false true true true false false true false HADASSAH FOUNDATION B 1938290 COST HADASSAH MEDICAL ORGANIZATION D 16650000 COST Schedule R, Part IV, Column (h) BENEFICIAL INTEREST HMRA HAS A GREATER THAN 50% BENEFICIAL INTEREST IN ALL THE REMAINDER TRUSTS.