Planned Giving

Making a planned gift to FAER helps to secure the future of anesthesiology. Planned gifts ensure that promising anesthesiologists and medical students will receive grants and educational opportunities that will help advance the specialty for years to come.

There are a number of ways you can support anesthesiology research and education in planning for a future gift to FAER. Some examples include:

  • Remember FAER in your will.
  • Donate a percentage of your retirement assets to FAER.
  • Make a designation for FAER on a life insurance policy or bank account.
  • Offer a gift to FAER through a charitable trust.

Planned gifts can be outright gifts — gifts that are made today and benefit FAER now and into the future. They can also be deferred gifts — gifts that are planned for today and benefit FAER after your lifetime.

Those who plan to make a gift to support anesthesia education and research through their wills, trusts or estate plans are honored in the FAER Legacy Society. Legacy Society members help safeguard the future of anesthesiology by ensuring that discovery, innovation and education will continue on behalf of the profession for which we are so deeply passionate. Learn more about the FAER Legacy Society.


Bequest

A bequest is one of the most common types of planned gifts. It is a provision in your will, trust or estate plan that allocates a gift to a charitable organization. A bequest is straightforward and can be structured to meet your financial situation and philanthropic goals.

To make a bequest to FAER, you must have a will. Work with your financial adviser or attorney to amend your will. Example language includes: “I bequeath $25,000 to the Foundation for Anesthesia Education and Research.”

If you have remembered FAER in your will, trust or estate plan, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.

Beneficiary Designation: Retirement Account

By making FAER a beneficiary on a retirement account, such as an IRA, 401k or 403b, you can support education and research in anesthesiology even after your lifetime. Some donors also receive tax benefits when they name a charitable foundation, such as FAER, a beneficiary of retirement funds.

To make FAER a beneficiary on a retirement account, work with your financial adviser or attorney.

If you have designated FAER as a beneficiary, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.

Beneficiary Designation: Life Insurance Policy

By naming FAER as beneficiary on a life insurance policy, you can support education and research in anesthesiology even after your lifetime. If you make FAER the irrevocable owner and beneficiary of an existing or new life insurance policy, you can experience both income tax and estate tax benefits.

To make FAER a beneficiary on a life insurance policy, work with your financial adviser or attorney.

If you have designated FAER as a beneficiary, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.

Charitable Remainder Trust

A charitable remainder trust is an irrevocable trust from which one or more individuals receives an annual income that is defined by the terms of the trust for a fixed amount of time, often the lifetime of the donor. What remains in the trust after the donor’s lifetime is given to a charitable organization named in the trust, such as FAER.

To set up a charitable remainder trust, consult your financial adviser or attorney.

If you have set up a charitable remainder trust that benefits FAER, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.

Charitable Lead Trust

Through a charitable lead trust, you can provide income to a non-profit such as FAER for a period of time that you stipulate. When the trust expires, the remaining funds return to the donor or are given to designated beneficiaries.

To set up a charitable lead trust, consult your financial adviser or attorney.

If you have set up a charitable lead trust that benefits FAER, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.

Life Estate Contract

A life estate contract is an agreement you can establish to transfer a deed of real property to a charitable organization, such as FAER, while reserving the right to live on or use the property for your lifetime.

To establish a life estate contract, consult your financial adviser or attorney. Charitable deductions for life estate contracts are limited to personal residences or farms.

If you have set up a life estate contract that benefits FAER, inform us by completing a Legacy Society membership form and mailing it to the FAER office. Contact David Wolfson, CFRE, Chief Development Officer, at 507-266-6866 with questions regarding planned giving.