Department of Ophthalmology

Every gift leads us a step closer to our goal of finding a treatment or cure for blindness and vision loss.

Giving Opportunities

Gifts to Scheie Eye Institute can be made in a variety of ways and can be directed to the program of your choice, or to support the research of a particular physician or scientist. All gifts are welcomed and appreciated.

Unrestricted Gifts allow the department Chair to direct the funds to where they are most needed.

Endowments and Professorships - Contributions that form the basis of endowments last in perpetuity and may support a specific area of research or a named professorship.

Education - Contributions support lectureships or educational facilities, such as computer learning, medical libraries or classrooms. An example is the David Kozart Memorial Fund which supports Resident education through an annual clinical conference.

Research on a Specific Disease - Gifts can be designated to support research in general or research on a particular disease or condition such as glaucoma, macular degeneration, diabetes, or childhood diseases that cause blindness.

In Honor or Memory of your loved one or doctor - Gifts can be made in honor of your physician or in honor or memory of whomever you choose. Gifts made in honor of a Scheie Eye Institute physician will go to support his or her research, if applicable.

Specific Funds - Gifts can be made to an established fund such as the Harold G. Scheie Teaching and Research Fund or the UOP Macular Degeneration Fund.

Ways to Give

Make a gift that may allow you to receive substantial tax deductions. Gifts are tax deductible in accordance with the Internal Revenue Code. Please talk to your personal tax advisor. Options include:

  • Outright gifts by check or credit card
  • Pledge of Cash with many options for payment schedules
  • Securities, such as stocks and bonds or Real Estate. Gifts of Securities and Real Estate are gifts of appreciated property that can generate a double tax benefit. In addition to receiving a charitable deduction on income taxes for the full, fair-market value of the property, the donor avoids capital gains tax on the appreciated value. Property must have been held for at least one year prior to transfer.
  • Personal Property - The University maintains collections of rare books, manuscripts, paintings, lithographs and sculpture, both for display and study. Generous alumni and friends have donated most of these works. Artworks and other collections are given for the unrestricted use of the University and are reviewed for acceptance by the Curator. IF THE PROPERTY HAS BEEN HELD FOR A YEAR, the donor's deduction is the fair market value of the piece at the time of donation, as established by an independent appraisal secured by the donor.
  • Planned Gifts - More detailed descriptions of the following gifts can be found at the PENN Medicine's Office of Planned Giving website.
  • Bequests - Gifts through bequest can be made for general or specific purposes through the following clause "I hereby give, devise and bequeath to the Trustees of the University of Pennsylvania, a nonprofit corporation organized and operating under the laws of the Commonwealth of Pennsylvania, the sum of $_______ [or other specific description of the gift] to be used by the Scheie Eye Institute at PENN Medicine [describe purpose of gift here if desired]."

Charitable Gift Annuity

The simplest gift arrangement, a charitable gift annuity is a contract between Penn and the donor, providing for the payment of life income at a fixed rate. The donor receives an income tax deduction in the year of the gift, subject to the usual rules of deductibility.

Charitable Remainder Trust

A charitable remainder trust allows a donor to transfer assets into a separately managed trust that will provide beneficiaries named by the donor income for life or a specific period of years. The donor decides the payout of the trust in consultation with trustees who are selected by the donor.

Pooled Income Fund

Penn's Pooled Income Fund operates similarly to mutual investment funds. Donors' contributions are "pooled" under the trusteeship of the University. All income earned by the fund in each quarter is paid out to the participants, in pro rata shares.

Life Insurance

The large cash value resulting from a relatively small premium makes a life insurance policy an attractive planned gift.

Matching Gifts

Many companies match employee donations, which can double the impact of your gift. Check with your Human Resources department.

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