The primary goal of the American Society of Cytopathology (ASC) Foundation is to secure outright gifts and pledges from individuals, families, corporations and/or private foundations. These gifts and pledges support the educational and research objectives of the Society.
In addition, the ASC Foundation seeks to secure deferred or future gift commitments. While such future gifts, in most cases, will not provide the funding for immediate programmatic purposes, they will provide long-term endowment funding for the Foundation.
There are many options for donors considering outright and/or future gifts in support of the ASC Foundation. This outline suggests only some of those possibilities
With so many giving options, we encourage you to check with your financial advisor for guidance on the vehicle that will best suit your goals. Your legacy gift will have a lasting impact and fuel education, patient advocacy and innovative research for many years to come.
OUTRIGHT GIFTS
Outright, or "current", gifts are available for immediate use by the ASC Foundation. Typically,
in the form of cash or payment by credit card, outright gifts are the most common form of contributions. Such gifts are essential if the Foundation is to achieve its current and projected educational and research priorities. Common types of outright
gifts include:
Publicly-Traded Securities -- Gifting Appreciated Property
The donor can consider a gift of appreciated long-term capital gain assets in public stock, avoid capital gains tax, and claim deduction for full amount of publicly traded stock. Closely held stock gift stock will also result in income tax deduction.
Distributions from Individual Retirement Accounts (IRA)
Generous people over age 70 ½ have a unique opportunity to make charitable donations totaling up to $100,000
annually directly from your IRA. These Qualified Charitable Distributions (QCDs) offer federal income tax benefits. See how it works, Distributions from IRA
FUTURE GIFTS
Future gifts are those in which the donor retains an interest and the charitable use by the ASC Foundation is deferred to some future time. Common types of future gifts include:
Bequests
The easiest way to leave a legacy in support of the future of cytopathology is through a bequest in your estate plans. Just a
few sentences in your will or trust are all that is needed. Share the sample bequest language below for the ASC Foundation with your estate planning attorney to help secure the future of cytopathology.
Sample Bequest Language
"I give, devise and bequeath to American Society of Cytopathology (ASC)) Foundation (Tax ID# 04-2255896): a. the sum of __________ dollars ($_____ ) Or b. _____ percent ( %) of the rest, residue and remainder of my estate to be used for its unrestricted purpose."
Deferred Pledge Agreements
The donor provides the ASC Foundation with a designated sum from his/her estate at the time of death. The donor has the
option to reduce the deferred pledge agreement with outright gifts during his/her lifetime or with some other future gift commitment.
Individual Retirement Account (IRA) and/or other qualified Pension Plan Beneficiary
An individual may designate the ASC Foundation as the specific or contingent beneficiary of an individual retirement account or a qualified retirement.
| If you have already made a personal commitment, please let us know via email at asc@cytopathology.org so that we may honor you and recognize your generosity in Foundation publications and communications, as well as through special recognition at Annual Scientific Meeting. |
| If you have specific questions on the types of planned gifts accepted by ASC Foundation, contact us by email at asc@cytopathology.org or by phone at 302-543-6583. |
| Please note: This information is not intended as tax or legal advice. We recommend that you consult with your legal and financial advisors to learn how a gift would work in your circumstances. Laws and regulations governing all gifts and availability of certain life income gifts vary by state. |
Click here for the  |
