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Sight
is a precious gift. It allows us to see the faces of our family,
friends, and loved ones. It allows us to see the beauty and
colors of the earth around us- the flowers, trees, and mountains.
It allows us to connect with our world.
We have a
dream…that one day there will be no blinding diseases
or irreversible loss of sight. That everyone will share in the
gift of sight free from the fear of ever losing it. |
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We
are the UAB Department of Ophthalmology-- dedicated to serving
the people of Alabama and beyond with excellence in patient
care, research, and education. A gift to the Department of Ophthalmology
is a philanthropic investment in preserving sight and stopping
blindness. |
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Ways
that You Can Make a Difference
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The UAB Department of Ophthalmology is poised to make great
strides in the treatment and prevention of blinding disease.
You can partner with us to help us realize our goals by supporting
any of the following areas:
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Retaining
and Recruiting Highly Skilled Faculty |
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Support
of Resident Education |
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Low
Vision Rehabilitation |
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Glaucoma
Service |
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Age
Related Macular Degeneration (ARMD) |
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Support
of Bench Scientist’s Research |
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Alumni
Challenge Fund |
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Clinical
Research Fund |
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Pediatric
Ophthalmology |
Call
our resource development office at 325-8526 to discuss your
particular areas of interest and find out how they relate
to our needs.
Endowment
Levels
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| Charitable
Gift Opportunities |
Current
Giving
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 An
outright gift enables us to immediately address our most pressing
needs and gives you the opportunity to see the results and
benefits during your lifetime. Outright gifts give you the
benefit of an income tax deduction, capital gains tax avoidance,
and/or Federal estate tax reduction. Many donors write a check
for their gifts, but there might be a more effective way for
you to give through appreciated securities or property you
own.
| Gifts
of Cash |
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Many
donors write checks payable to UAB Department of Ophthalmology. |
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The
gift is tax deductible up to 50% of the donor's Adjusted
Gross Income (AGI). |
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Gifts
in excess of the 50% limit may be carried over the next
five years to realize the full tax deduction. |
| Appreciated
Securities |
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Can
be used to make an outright gift or to fund a life
income gift. |
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Provides
an income tax deduction for the full fair market value
of securities held for more than one year with a 30%
limit of the donor's AGI. |
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Again, gifts in excess of the 30% limit may be carried over the next three years to realize the full tax deduction. |
| Closely
Held Stock |
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Gifts
of this type may provide a charitable tax deduction
equal to the fair market value of the stock. If you
own stock in a closely held corporation, contact the Department of Ophthalmology for steps required to make this type of gift. |
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There
are a number of ways to structure a gift of this type
so that the benefits best meet your needs. |
| Matching
Gifts |
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Some
companies offer matching gift programs that allow the
donor to secure 50% - 100% more funds for the UAB Department
of Ophthalmology. Check with your employer to see if there
is matching money available. |
| Gifts
through United Way |
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If
you work in a company that runs a United Way campaign
and allows outside designations, you can direct all or
a part of your work place gift to the UAB Department of
Ophthalmology simply by indicating our name on the designations
part of the pledge form. |
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We
are a 501(c) 3 charitable organization serving the eye
health care needs of the state of Alabama. |
| Personal
Property and Real Estate |
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A
gift of real estate or personal property can create a
sizeable tax savings for the donor by eliminating the
capital gains. The donor is also entitled to a tax deduction
equal to the appreciated value of the property. |
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Many
kinds of property can be used to make this type of gift,
including a vacation home, commercial building, subdivision,
or undeveloped land. You may even give your residence
now and still reside there for life. |
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Gifts
of tangible property like artwork or valuable collections
are also welcome and may provide significant tax benefits. If you are considering the gift of a car, know that new regulations allow you to deduct only the fair market value of your particular car. Contact the Development Office in the Department of Ophthalmology for additional information about automobile gifts. |
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Planned
Giving or Deferred Giving
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 Planned
gifts allow you to benefit the UAB Department of Ophthalmology
and your loved ones as well. They include a variety of ways
to give-each with a special tax benefit to the donor. A planned
gift allows you to leave a special legacy and impact generations
to come with your philanthropy.
| Charitable
Lead Trust |
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Enables
donor to fund an endowed chair, scholarship, faculty position,
building renovation or research project while transferring
sizeable assets to heirs with significant tax benefits |
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UAB
Department of Ophthalmology receives annual payments (either
fixed or variable) for a predetermined amount of time
after which the remaining assets go to the beneficiary
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Donor
receives charitable tax deduction equal to the present
value of payments to UAB based on the time value of money |
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Donor
is taxed on net income and capital gain produced within
the Trust but can deduct payments made to UAB |
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$1,000,000
minimum is recommended |
| Life
Insurance |
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A paid up policy may be used for an outright gift. |
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Making UAB the owner of a new policy provides an income tax deduction for premium payments. |
| Retirement
Plan Assets |
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With revised policies enacted by the Pension Protection Act of 2006, you can now make gifts of retirement assets without negative tax consequences. Rollover gifts are not taxed, neither are they eligible for a charitable tax deduction. |
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There
are a number of ways to structure a gift of this type
so that the benefits best meet your needs. Contact the Development Office in the Department of Ophthalmology for additional information. |
| Will
Bequests |
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Bequests provide an investment in the future of the Department of Ophthalmology. Your bequest will fund programs, scholarships, and faculty chairs in years to come. See below for sample will language:
"I give to the Board of Trustees of The University of Alabama for an on behalf of The University of Alabama at Birmingham $_______. * I request that it be used for ________ in UAB's Department of Ophthalmology."
* The bequest can also be funded through a designation of a percentage of your estate or through bequests of real estate, securities, or other assets.
The development office can assist you in assuring that your bequest language clearly states your future intentions. |
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Planned
Gifts that Provide You with an Income
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 Many
donors who wish to make a substantial planned gift to the
UAB Department of Ophthalmology may also feel that they can’t
afford to give up the annual income provided by the asset
to be donated. The perfect answer to this situation is to
use a method of giving that also produces a life income to
the donor.
| Charitable
Gift Annuity |
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Provides
supplemental income payments for lifetime (and the lifetime
of your spouse) |
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Offers
charitable tax deduction at the time of the gift and favorable tax treatment of income in every year thereafter |
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Serves
as both an investment and a charitable gift |
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Supports
the Department of Ophthalmology for generations to come |
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$10,000
minimum contribution; must be 60 or older |
| Charitable
Remainder Trust |
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Enables
donor to make a substantial gift to the UAB Department
of Ophthalmology and receive a life income as well as
current tax deduction |
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Donor
may receive a fixed dollar amount payment (Annuity Trust)
or payments based on a fixed percentage of the January
1 market value (Unitrust) |
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Donor
receives immediate charitable tax deduction equal to the
present value of the gift as determined by life expectancy
tables, and trust assets avoid inheritance tax |
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Can
be funded with cash, securities, or real estate (recommended
minimum funding is $50,000) |
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No
age limit, but typically benefits an individual nearing
retirement |
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To
make a gift or learn more about the giving opportunities listed
above, please contact:
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Lindsay Murphy Knox
Director of Development
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Address:
Phone:
Fax:
E-mail: |
UAB Department of Ophthalmology
601 Callahan Eye Foundation Hospital
1720 University Boulevard
Birmingham, AL 35294-0009
(205) 325-8526
(205) 325-8692
lmurphy@uab.edu |
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Please
consult your tax and/or estate planning professional to determine
which gift methods are best for you. UAB is a non-profit organization
under IRS tax code 501(c) 3.
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