The Rheumatologist
COVID-19 News
  • Connect with us:
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Feed
  • Home
  • Conditions
    • Rheumatoid Arthritis
    • SLE (Lupus)
    • Crystal Arthritis
      • Gout Resource Center
    • Spondyloarthritis
    • Osteoarthritis
    • Soft Tissue Pain
    • Scleroderma
    • Vasculitis
    • Systemic Inflammatory Syndromes
    • Guidelines
  • Resource Centers
    • Axial Spondyloarthritis Resource Center
    • Gout Resource Center
    • Psoriatic Arthritis Resource Center
    • Rheumatoid Arthritis Resource Center
    • Systemic Lupus Erythematosus Resource Center
  • Drug Updates
    • Biologics & Biosimilars
    • DMARDs & Immunosuppressives
    • Topical Drugs
    • Analgesics
    • Safety
    • Pharma Co. News
  • Professional Topics
    • Ethics
    • Legal
    • Legislation & Advocacy
    • Career Development
      • Certification
      • Education & Training
    • Awards
    • Profiles
    • President’s Perspective
    • Rheuminations
    • Interprofessional Perspective
  • Practice Management
    • Billing/Coding
    • Quality Assurance/Improvement
    • Workforce
    • Facility
    • Patient Perspective
    • Electronic Health Records
    • Apps
    • Information Technology
    • From the College
    • Multimedia
      • Audio
      • Video
  • Resources
    • Issue Archives
    • ACR Convergence
      • Systemic Lupus Erythematosus Resource Center
      • Rheumatoid Arthritis Resource Center
      • Gout Resource Center
      • Abstracts
      • Meeting Reports
      • ACR Convergence Home
    • American College of Rheumatology
    • ACR ExamRheum
    • Research Reviews
    • ACR Journals
      • Arthritis & Rheumatology
      • Arthritis Care & Research
      • ACR Open Rheumatology
    • Rheumatology Image Library
    • Treatment Guidelines
    • Rheumatology Research Foundation
    • Events
  • About Us
    • Mission/Vision
    • Meet the Authors
    • Meet the Editors
    • Contribute to The Rheumatologist
    • Subscription
    • Contact
  • Advertise
  • Search
You are here: Home / Articles / Keep Your Money by Giving It Away

Keep Your Money by Giving It Away

September 1, 2008 • By From the College

  • Tweet
  • Email
Print-Friendly Version / Save PDF

If you read last month’s article, “Why the REF” (p. 13), written by Leslie J. Crofford, MD, president of ACR Research and Education Foundation (REF), announcing the REF’s new planned giving program, you may have asked yourself, “How can I benefit from this program?” The answer: The REF’s planned-giving program is designed to help you plan your legacy while supporting the mission of the REF—to improve patients’ lives through support of research and training that advances the prevention, treatment, and cure of rheumatic diseases. Put simply, you benefit monetarily, but—more importantly—you feel satisfaction because you helped ensure the future of rheumatology by making a charitable gift to the REF.

You Might Also Like
  • REF President: Annual Giving Is the Foundation of Our Core Awards
  • Demonstrators Demand More Money for Arthritis Research—What Could Happen?
  • 2008–2009 REF Award Recipients
Explore This Issue
September 2008
Also By This Author
  • Clinical Thought Process for Proper Medical Decision Making, Part 2

What’s Planned Giving and How Does It Work?

Planned giving incorporates estate planning, tax planning, and philanthropy to help individuals minimize their tax burden and achieve their charitable goals. The REF is equipped to educate you about techniques that can provide income tax and estate tax deductions, the avoidance of capital gain tax on appreciated assets, and, in some cases, income streams for yourself or your loved ones. The REF will also work with accountants and lawyers to help you implement planned giving vehicles.

ad goes here:advert-1
ADVERTISEMENT
SCROLL TO CONTINUE

A straightforward example of a planned-giving technique is a charitable remainder trust. A charitable remainder trust can transform a concentration of appreciated stock into quarterly cash payments and provide multiple tax benefits. Suppose a long-term investment has done well for you over the several years and has added to your net worth, but is otherwise not useful to you—it may produce a small dividend but the appreciation means that if you sold the stock, you would incur a large tax bill. A better option is to set up a charitable remainder trust and transfer the stock into the trust. There is no tax due since a charitable remainder trust is a tax-exempt trust, and you are able to claim an income tax deduction. Later, the stock is sold within the trust, again without incurring tax liability, and the proceeds are invested in a diversified portfolio.

Each year, the trust pays your named beneficiaries—either yourself and/or loved ones—a set percentage of the trust value, and when the trust term ends, usually upon the death of the last income beneficiary, the remainder is donated to the REF. Because you have given that asset away, it is no longer in your taxable estate so you avoid any potential estate tax liability for that asset.

ad goes here:advert-2
ADVERTISEMENT
SCROLL TO CONTINUE

Pages: 1 2 | Single Page

Filed Under: From the College, Professional Topics Tagged With: donation, REF News, Research FundingIssue: September 2008

You Might Also Like:
  • REF President: Annual Giving Is the Foundation of Our Core Awards
  • Demonstrators Demand More Money for Arthritis Research—What Could Happen?
  • 2008–2009 REF Award Recipients
  • REF and AF Partner to Provide an Additional “Bridge Funding”

ACR Convergence

Don’t miss rheumatology’s premier scientific meeting for anyone involved in research or the delivery of rheumatologic care or services.

Visit the ACR Convergence site »

Simple Tasks

Learn more about the ACR’s public awareness campaign and how you can get involved. Help increase visibility of rheumatic diseases and decrease the number of people left untreated.

Visit the Simple Tasks site »

Rheumatology Research Foundation

The Foundation is the largest private funding source for rheumatology research and training in the U.S.

Learn more »

The Rheumatologist newsmagazine reports on issues and trends in the management and treatment of rheumatic diseases. The Rheumatologist reaches 11,500 rheumatologists, internists, orthopedic surgeons, nurse practitioners, physician assistants, nurses, and other healthcare professionals who practice, research, or teach in the field of rheumatology.

About Us / Contact Us / Advertise / Privacy Policy / Terms of Use

  • Connect with us:
  • Facebook
  • Twitter
  • LinkedIn
  • YouTube
  • Feed

Copyright © 2006–2022 American College of Rheumatology. All rights reserved.

ISSN 1931-3268 (print)
ISSN 1931-3209 (online)

loading Cancel
Post was not sent - check your email addresses!
Email check failed, please try again
Sorry, your blog cannot share posts by email.