Kindness comes back to you

Transcription

Kindness comes back to you
DEVELOPMENT
Kindness comes back to you
You know the saying, “You scratch
my back, and I’ll scratch yours”? Well,
it applies in philanthropy, too. A charitable gift annuity (CGA) can accomplish this important balance. With a
CGA, you can give a substantial contribution to the School of Medicine at
Southern Illinois University through
the Southern Illinois University
Foundation while at the same time
earning lifetime, tax-deferred income.
A CGA is a gift vehicle that pays
you (and an additional annuitant, if
you desire) a predetermined amount
each year for life. This gift can be
established with cash, securities or
other property, and in return you
receive fixed annuity payments on a
regular basis: quarterly, semiannually
or annually.
There are two types of gift annuities:
one begins making payments within
the year of the gift; the other — a
deferred gift annuity — begins making
payments at a future time, at least one
year after your gift is established. At
the end of the annuitant’s lifetime,
your gift will support the programs
you have designated at Southern
Illinois University School of Medicine.
By choosing a CGA, your kindness
comes back to you with many personal
financial benefits not available with
commercial annuities. These include:
■ Charitable income tax deduction
— It’s taken in the year the gift is
made and will vary according to your
age. The older you are, the higher the
deduction.
■ Favorable capital gains treatment
— If you make the gift with appreciated property, such as publicly traded
securities with a low cost basis, you
avoid paying capital gains taxes on the
gift portion of the transfer.
■ Tax-free portion — Each income
payment you receive may be partially
tax-free, whether it commences now or
in the future.
■ Lifetime payments — You and a
second individual, if a two-life annuity
is desired, receive a fixed and secure
amount for life. Payments are often
higher than yields generated from
stocks. Generally, the older the annuitant, the higher the payment.
Golfers raise $36,000
for Camp COCO
On June 24, golfers braved one of the hottest days of the year to
set a record attendance of 152 golfers supporting the annual Camp
COCO Charity Golf Scramble. The outing, held for the first time
at the Piper Glen Golf Club, raised more than $36,700.
The steamy weather “dampened” the golfers but didn’t dampen
their spirit or enthusiasm as they enjoyed lunch, 18 holes of golf,
with on-course games, door prizes and a silent auction.
After the awards dinner catered by Bentoh’s, master of ceremonies Sam Madonia, WFMB Sports Radio, doubled as auctioneer
for the live auction. Items included a football and basketball
signed by University of Illinois coaches, a jukebox and six rounds
of golf at Kemper Lakes Golf Club. Campers Tony Garvin and
Haley Hergenrother joined Sam Madonia to talk about their experiences at Camp COCO.
The SIU Division of Pediatric Oncology and Complete Care
Pharmacy thanks the golfers for their faithful support. We thank
our volunteers and the committee members for their tireless
efforts.
22
Aspects
Autumn 2005
■ Estate taxes — If you are the sole
annuitant, the income ceases at your
death and is not included as part of
your estate. If your spouse is the
remaining annuitant, his or her interest may qualify for the estate tax marital deduction. If an individual other
than a spouse, such as a sibling or
child, is the remaining annuitant, the
value of the remaining income is
included for estate tax consideration.
■ Deferred retirement funds —
With this option, you establish a
deferred gift annuity now and defer the
payment stream to a later date, such as
age 65 or 70, when you may no longer
be earning an income and find yourself
in a lower tax bracket. Because the
payments are deferred, the rate you
receive is significantly higher.
So if you are in your highest-earning
years and are contributing as much as
you can to retirement accounts
(401(k), IRA, etc.) consider a CGA.
And the next time your back itches,
remember: You can secure steady
income for yourself and help support
our mission as well.
Employee fundraising
committee meets
An employee fundraising committee has
been developed to help all our programs,
especially Children’s Miracle Network and
the new St. John’s Children’s Hospital.
“We are in the process of building the
committee and our fundraising ideas for
CMN and other programs at the School,”
says Lisa McKennedy, director of annual
giving. “We are engaged and excited to be
helping again, and our employee efforts
will only add to the success of the new
Children’s Hospital and other programs at
SIU.”
“Funding from CMN for the new
Children's Hospital will be very important,”
says Dr. Mark Puczynski, SIU chairman of
Pediatrics and medical director of the St.
John’s Children’s Hospital. “Pediatrics looks
forward to working closely with CMN
through the School of Medicine and St.
John’s. We certainly appreciate this great
effort.”
DEVELOPMENT
Front Row: Elizabeth Hope Gooding, M.D., ’92; Jacqueline Goetter; Jackie Lausen, D.C.; Susan Isringhausen; Jennifer A. Ludwig;
Jennifer Isringhausen; Holly Novak, M.D., ’79. Back Row: Christopher D. Ryan, M.D., ’92; Michael Kinder; Stephen R. Goetter,
M.D., ’76; Harald Lausen, D.O.; Rob Isringhausen; Leo K. Ludwig, M.D., ’81; Geoff Isringhausen; Kevin Dorsey, M.D., Ph.D., ’78.
Harbinger dinner welcomes new memberships
Fourteen new members attended The Harbinger Society’s annual dinner on Sept. 17. The society boasts 37 new members since October 2003.
“The School is very proud that 25 of the new members hold SIU medical degrees!” says June Lang, Director of Development. “We thank Sam
Gaines, President of the Alumni Society for spearheading the effort to get
new alumni membership.”
Sixty members enjoyed dinner at the Illini Country Club. Dean J. Kevin
Dorsey, M.D., Ph.D., spoke to the members, followed by a program presented by our alumni Jeffrey Frank, MD: “Medicine: It Is About Patients.”
Dr. Frank’s fascinating talk emphasized the importance of maintaining
focus and remaining compassionate and empathetic when treating the
sick. He stressed listening to the patient and taking into consideration
the patient’s family, lifestyle and comfort when prescribing therapies.
For information on becoming a Harbinger Society member, contact June
Lang in the Office of Development (jlang@siumed.edu).
Dr. Dorsey and Jeff Frank, M.D., ’86
Honor a special person
A gift to the Southern Illinois University School of Medicine’s Special Tribute Program is a special way to recognize a person whether “in honor” (birthdays, anniversaries, holidays), “in memory” or “for the speedy recovery of” a friend or loved
one. You may designate your tribute gift to any department or program at the School. Our office will send a personalized
acknowledgement to the family or individual being honored.
Three simple reasons for participating in this valuable program:
● It’s good to honor and remember loved ones.
● The gift is unique and it helps others.
● Your gift helps the growth of the School of Medicine that ultimately assists the health care needs of all citizens.
Please call our office at 217-545-2955 or go www.siumed.edu/foundation and click “Honor a Special Person” to print out
the mail-in form.
Aspects
Autumn 2005
23