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Every Gift Makes a Difference. Creating or Contributing to a Named Endowed Fund The George Washington University Medical Center Office of Development and Alumni Relations Click here to see what the Alumni Office offers you.
Ways
to Give to the GWU Department Charitable gifts reward donors in many ways. There is the satisfaction of supporting an important cause, the excitement of seeing your gift lead to positive change, and--in many cases--tangible financial benefits to you and/or another beneficiary, through tax advantages and the retention of lifetime income from the donated asset. The GWU Department of Psychiatry is part of two not-for-profit organizations: The George Washington University and the Medical Faculty Associates, Inc. Tax deductible, charitable gifts to the GWU Department of Psychiatry can be made to either entity. We will be happy to discuss this distinction with you. A summary of ways to give is provided here. For more information, please contact us either through the GWU Department of Psychiatry or through the GWUMC Office of Development and Alumni Relations. Cash
& Pledges | Stocks & Bonds | Closely
Held Stock Cash gifts are deductible for federal income tax purposes up to a limit of 50 percent of your adjusted gross income if you itemize deductions. Where cash gifts exceed this limit, you may carry over the excess for up to five additional years. Cash gifts may be pledged for payment over a period of years. To be officially recorded, pledges should be made either in writing or by means of a pledge card. If you prefer to give on-line (https://www.gwu.edu/online_giving/index.cfm) be sure to designate the GWU Department of Psychiatry as the beneficiary of your donation. Donors to the GWU Department of Psychiatry and Behavioral Sciences may make outright gifts and pledges in the form of appreciated securities rather than cash, benefiting from extra tax advantages. If you own stock in a closely held corporation, you can use such stock to make a gift to the GWU Department of Psychiatry and Behavioral Sciences that will bring you substantial tax benefits. There are a number of strategies you can use to structure the gift according to your circumstances. In planning your estate, remember that valuable collections, works of art, and other forms of tangible personal property may be subject to estate taxes. By donating such items during your lifetime rather than at your death, you not only reduce your taxable estate but also reduce your taxable income in the year of the gift. You may wish to make a substantial gift to the GWU Department of Psychiatry and Behavioral Sciences but feel you cannot afford to give up the annual income produced by the asset. The George Washington University Medical Center’s Office of Development offers several ways to help you make such a gift, while retaining an income for your lifetime. Almost any kind of real estate can make a valuable gift to the GWU Department of Psychiatry: a primary residence, vacation home, farm, commercial building, or an undeveloped parcel of land. You can even contribute your residence now and still reside in it for life. As with gifts of appreciated stocks, bonds, mutual funds, and personal property, no capital gains tax is due when you donate appreciated real estate; you are entitled to an income tax deduction in the amount of the appreciated value of the real estate; and you avoid estate taxes on the appreciated asset. The George Washington University Medical Center has been the recipient of bequests, both large and small, from alumni, friends, and grateful patients over the years. These donors felt they needed their capital during their lifetimes, but found it possible to associate themselves forever with the George Washington University Medical Center. These bequests, no matter how modest, are welcome and important to GWU Department of Psychiatry and Behavioral Sciences. We encourage you to contact us to discuss making a bequest or for assistance with bequest language. The value of a bequest is deductible for estate tax purposes, and there is no limit on the amount of the deduction. Unrestricted support sustains the mission and vision that is the cornerstone of the GWU Department of Psychiatry; a tripartite mission of education and training, research, and patient care. These dollars help further the collaboration between our researchers and clinicians; train medical students and residents to be expert practitioners and the next leaders in psychiatry; and expand our physical plant to provide state of the art facilities for faculty and students, researchers, and doctors and patients. To make a contribution to the GWU Psychiatry Fund please contact or write to: Jeffrey
S. Akman, MD
Creating or Contributing to an Endowed Fund Endowed Funds Exist in Perpetuity Most of the named professorships, clinical and research programs, lectureships, scholarships and fellowships at the George Washington University come from endowed funds, which exist in perpetuity. When an endowment gift is received, it is invested by the University and only a portion of the income (generally 4 to 5%) is used each year to support the program, professorship or student. Naming of Funds Is a Donor Decision Donors may choose to name their endowed funds for themselves or in honor or memory of someone else. Faculty holding a named professorship or lectureship and residents holding a named scholarship or fellowship are given information about the donor (if appropriate) and the person(s) for whom the fund is named. Donors May Choose Focus of Endowment Donors may decide to focus the fund's support for a particular area of interest or discipline related to psychiatry, or suggest other guidelines for the awards. Depending on the donor's wishes and the needs of the GWU Department of Psychiatry, an endowed fund can provide full or partial support for a program, faculty member or resident. Endowed funds also can support other scholarly pursuits, including internships, conferences, or programs reflecting the wishes of the donors. Donors May Contribute to Existing Funds to Support the GWU Department of Psychiatry Donors may determine that an endowed fund already exists to support their particular interest or wish to honor one of the esteemed individuals for whom the fund is named. A gift to one of these funds is a concrete and heartfelt way for friends, colleagues, patients, alumni and students to demonstrate their high regard for these exceptional individuals, as well as to ensure that their legacies will continue at GWU.
Existing Funds in the GWU Department of Psychiatry THE LEON M. YOCHELSON PROFESSORSHIP AND CHAIR This fund was endowed to honor the memory of Leon M. Yochelson, MD, chairman of the GWU Department of Psychiatry and Behavioral Sciences from 1959-1970. The generous gift to endow this named professorship provides support for the position of the chair of the Department of Psychiatry and Behavioral Sciences.
THE
JERRY M. WIENER, MD ENDOWMENT FUND
To support and advance programs designed to enhance psychiatric education in five primary areas:
To Make a Contribution Call or Write: Jeffrey
S. Akman, MD or Katherine Milikin
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| The content on these web pages is intended for educational and informational purposes only and is not designed to replace medical advice or professional medical services. The information should not be used as a substitute for the medical care and advice of your physician. Medical decisions should be made in consultation with your qualified health care provider. There may be variations in treatment that your health provider may recommend based on individual facts and circumstances. |