How to Give
Annual Gifts
​Giving through appeals for support provides a steady stream of funding to support each of the Foundation's programs. Gifts can be accepted via check, credit card and QR Code giving.
Sustainers Circle
The Sustainer's Circle is a special group of donors who provide a continual stream of support for Foundation programs through their regularly scheduled monthly contributions.
Honorarium
​​Want to recognize the accomplishments of a family, friend, or colleague? Every year the Foundation honors PAMED's outgoing president, our way of saying "thank you" to the leader of PAMED for his or her support of our core programs. Through the Foundation's Honorarium Gifts, you can honor individuals that have made a difference in your life or the lives of others.
Memorial Gifts
​​Creating a lasting remembrance of someone who has been a valuable contributor to the medical community can be both an acknowledgement of their career, and what their memory means to you personally. Through memorial gifts, the Foundation will be able to pay it forward in their honor.
The IRA Gift (QCD)
The IRA charitable rollover (also called the Qualified Charitable Distribution, or QCD) is a great way to make a tax-free gift to The Foundation of the Pennsylvania Medical Society.
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​Your IRA can provide a tax-smart way to make an impact with The Foundation of the Pennsylvania Medical Society now. The Qualified Charitable Distribution or QCD (sometimes called an "IRA Charitable Rollover") is a great way to make a tax-free gift now to The Foundation of the Pennsylvania Medical Society and satisfy your Required Minimum Distribution (RMD), too.
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How Do I Qualify?
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The Qualified Distribution (QCD) offers multiple benefits for making gifts from your IRA.
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You must be 70 1/2 years or older at the time of the gift.
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Gifts must go directly from your IRA to The Foundation of the Pennsylvania Medical Society.
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Benefits of Qualified Charitable Distribution
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If you don't itemize your income tax deductions, a QCD offers all the benefits of an itemized income tax charitable deduction.
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If you are age 73 or older and must take a Required Minimum Distribution RMD, a QCD gift can satisfy your RMD without increasing your income taxes.
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You may direct your gift to a program or area of your choice.
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It is a wonderful way to create an immediate impact on The Foundation of the Pennsylvania Medical Society.
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How Can I Make an IRA Charitable Rollover?
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Contact your IRA administrator to request a Qualified Charitable Distribution from your IRA to The Foundation.
If you include The Foundation of the Pennsylvania Medical Society in your plans, please let us know and be sure to use our legal name and federal tax ID.​​
Legal name: The Foundation of the Pennsylvania Medical Society
Mailing address: 400 Winding Creek Blvd., Mechanicsburg, PA 17050-1885
Federal Tax ID number: 37-1732501
Stocks and Bonds
Giving appreciated stock that you have owned for more than one year is one of the most tax-advantaged ways to make charitable gifts. With careful planning, you can reduce your capital gains tax while supporting The Foundation of the Pennsylvania Medical Society.
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Make a gift of publicly-traded securities to The Foundation of the Pennsylvania Medical Society and potentially save income tax and capital gains tax, too.
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A gift of publicly-traded securities could be right for you if:
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You own publicly-traded securities that you have owned for at least one year.
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Some of these securities have increased in value since you bought them.
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Some of these securities may provide you with little or no income.
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You would like to make a gift to The Foundation of the Pennsylvania Medical Society
If you are interested in making a gift of stock or bonds, please contact our Manager of Philanthropy and Hospital Relations, Lori Storm: (717) 558-7813 or lstorm@pamedsoc.org.
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Retirement Assets
A gift of your retirement assets, such as an employee retirement plan, IRA, or tax-sheltered annuity, is an excellent way to make a gift. A gift of these assets can shield your heirs from taxes while funding The Foundation's future. A gift of retirement plan assets could be right for you if you have an IRA or other Qualified Retirement Plan such as a 401(k) or 403(b), assets you want to pass on to heirs, or you don't expect to need all of your retirement plan assets during your lifetime.
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Option 1: Make a tax-free gift now with a Qualified Charitable Distribution (an "IRA Charitable Rollover").
You must be at least 70 1/2 years old to take advantage of this opportunity. Your QCD must go directly from your IRA administrator to The Foundation. The total of all of your QCD gifts in any one year cannot exceed $100,000 per person however, your spouse with a separate IRA can also make a QCD of up to $100,000 per year if they otherwise qualify.
Option 2: Designate your remaining Qualified Retirement Plan assets as a contribution to The Foundation of the Pennsylvania Medical Society
As a result, your estate is entitled to an unlimited estate tax charitable deduction for the value of your Qualified Retirement Plan donated to The Foundation. Since The Foundation is tax exempt, there will be no income taxes paid on the distribution to The Foundation.
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IRAs and Qualified Retirement Plans
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The simplest and most common way to give retirement plan assets is to make our organization a beneficiary of your retirement plan. All you need to do is to file a revised beneficiary designation form with your retirement plan administrator to designate our organization as a beneficiary of your plan and name the percentage of your remaining assets that you want us to receive.
Life Insurance
Life Insurance is a valuable asset for making a charitable gift. You can make a gift of a life insurance policy without diminishing other investments or assets earmarked for family members. A gift of a life insurance policy, that you no longer need, can be an easy way to provide generous support to The Foundation of the Pennsylvania Medical Society.
Real Estate
A gift of real estate allows you to preserve your cash assets, receive tax and income advantages, and make a significant charitable gift to The Foundation.
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There are many options for donating your home, second home, commercial building, vacant land, farm, or other real estate to The Foundation of the Pennsylvania Medical Society. There may be a gift plan available that will help you achieve your charitable and financial goals.
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We would be happy to discuss with you which option best fits your goals.
Personal Property
A gift of artwork, coins, antiques, or other personal property can be an excellent way to support The Foundation.
Donor Advised Fund (DAF)
A Donor-Advised Fund can provide you with immediate tax benefits while making your charitable giving easier for years to come. Might a donor-advised fund be right for you? Here's how it works.
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Make a gift with a Donor-Advised Fund
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The Donor-Advised Fund (DAF) is an increasingly popular way to make a charitable gift. DAFs can provide you with immediate tax benefits while making your charitable giving easier. Here are two simple ways you can make a gift through your DAF:
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Make an outright gift now by recommending a grant to The Foundation of the Pennsylvania Medical Society.
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Create a succession plan to recommend that The Foundation of the Pennsylvania Medical Society receive all or a portion of the fund value upon the termination of the fund.
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You can select the option that best suits your philanthropic and financial goals to support the The Foundation of the Pennsylvania Medical Society. Just contact your Donor-Advised Fund administrator to recommend a grant to The Foundation or to discuss a succession plan.
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If you include The Foundation of the Pennsylvania Medical Society in your plans, please let us know and be sure to use our legal name and federal tax ID.
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Legal Name: The Foundation of the Pennsylvania Medical Society
Address: 400 Winding Creek Blvd., Mechanicsburg, PA 17050-1885
Federal Tax ID Number: 37-1732501
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Creating a Donor-Advised Fund
Creating a Donor-Advised Fund can provide you with immediate tax benefits while making your charitable giving easier for years to come.
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How it Works
You establish a Donor-Advised Fund at a sponsoring charity. This could be a community foundation, a public charity with a Donor-Advised Fund program, or even one of the well-known financial services companies that sponsor Donor-Advised Funds. Check with the sponsor about the minimum contribution required to start a Donor-Advised Fund. The sponsor may allow you to give your Donor-Advised Fund a unique name. Then, make an initial contribution to start your Fund. You can contribute cash or appreciated assets such as stocks or mutual funds. You'll get an immediate income tax charitable deduction for your contribution that could reduce your taxes if you itemize.
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Once established and funded, you can recommend that your favorite public charities, such as The Foundation of the Pennsylvania Medical Society, receive grants from your Donor-Advised Fund. Most Donor-Advised Funds have a minimum grant recommendation, or you can recommend distributing the entire balance of your Donor-Advised Fund for a cause important to you.
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You do not get an additional income tax charitable deduction for these grants.
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You can also create a succession plan with your Fund sponsor to recommend that some or all of the remaining assets in your fund at your passing go to The Foundation and other charities that are important to you.
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The Foundation of the Pennsylvania Medical Society is grateful for grants that come from Donor-Advised Funds. If you are considering establishing a Donor-Advised Fund, we can suggest several sponsors for your review. You should also consult your professional advisor for guidance.​​​
For more information, contact our Manager of Philanthropy and Hospital Relations Lori Storm, (717) 558-7813 or lstorm@pamedsoc.org