The
major purpose of the AMD Project at UAB is to develop effective treatments
for AMD through basic and clinical research. At present there is
no cure for AMD. This is true in spite of the fact it is the leading
cause of vision impairment and blindness among adults over age 50
in the United States and many other countries. Our research here in
The AMD Project at UAB is made possible by the generous support of
our donors. By funding innovative ideas, dedicated scientists, and
purchasing state-of-the-art equipment, The AMD Project supporters
provide seed money to fund exciting research toward developing novel
therapies.
The AMD Project at UAB is pleased to offer our prospective donors a variety of ways to support the research activities and programs of the Project. These options are described below.
Cash
or Check
This is the simplest – and most frequently used – form of
giving. You can deduct allowable contributions in the year they are paid.
Multi-year
Pledges
We are pleased to work with donors who wish to contribute at periodic
intervals or spread their payments over several years. Pledges are payable
over a period of up to five years in equal or varying amounts according
to the donor’s wishes. At the donor’s request, the university
will issue a pledge reminder on a quarterly or annual basis.
Appreciated
Market Securities (Including Stock in a Closely Held Corporation)
Giving highly appreciated securities can provide special tax advantages.
The donor gets a charitable deduction for the full fair market value of
the securities on the date they are given and generally avoids any tax
on the appreciation, as well. Donating securities on which you have experienced
a loss is discouraged. It is better to sell those outright and donate
the proceeds to the charity.
Owners of stock in a closely held corporation are uniquely positioned
to benefit from giving the stock to a qualified charity. Most often, the
stock has appreciated in value but pays no dividend. A planning method
approved by the IRS allows the stockholder to give some of the closely
held stock to a qualified charity. The charity may then sell the stock
to the corporation, which may use its retained earnings for the purchase.
There cannot be any prearranged contracts or written agreements requiring
the charity to sell the stock or the corporation to purchase it. But,
if this happens, the results of the transaction are: (1) no capital gains
to the stockholder; (2) an income tax deduction for the current value
of the shares donated; (3) avoidance of tax on distribution of retained
earnings; and (4) control of the corporation is retained by the donor.
Charitable
Gift Annuity
This is an easy way to make a gift to charity and receive supplemental
income for life. A minimum gift of $10,000 is required and you must be
at least 55 years old. To learn how rates are determined, call our Development
office today at 325-8361.
Real
Estate or Other Property
An outright gift of real property allows the donor to obtain for income
tax purposes a charitable deduction equal to the property's full fair
market value on the date of the gift. Certain limitations and rules for
mortgaged property or property subject to debt may apply.
Deferred
or Planned Gifts
"Deferred" or "planned" gifts consist of several types
of giving arrangements in which benefits to the organization receiving
the gift may not be immediate, but delayed or deferred. In addition to
providing donors with potentially significant tax advantages, these gifts
may also provide them with the opportunity to make a substantially larger
gift than they originally thought possible. Deferred or planned gift opportunities
include:
- Life insurance naming the charity as a beneficiary;
- Bequest, a gift of cash, securities, or property specified by a donor's will;
- Life income gift invested to yield income for the donor's designees, including Charitable remainder trusts and Charitable remainder annuity trusts, or a
- Charitable lead trust allowing the charity to use the property in trust for a period of time with the donor retaining the remainder at the end of the term.
Special
Occasion Gift
Gifts can be designated in memory of a loved one or in honor of a special
occasion.
UAB is a qualified, tax-exempt organization under Section 501(c)(3)
of the Internal Revenue Code and all gifts are fully tax deductible as
provided by law. Because of the technical and changing nature of philanthropy,
we encourage you to consult with an attorney, accountant, or other qualified
advisor when making large gifts. We welcome the opportunity to work with
these professionals to help you achieve your charitable objectives.
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Gifts can be mailed directly to our development office at this address below or feel free to phone us for more information at (205) 325-8526. Gift Address:
(Please make checks payable to The AMD Project at UAB.) |
