Donate to the CHEST Foundation
When you make a donation to the CHEST Foundation, you are joining like-minded donors who understand the importance of funding key program areas of research grants and awards, youth tobacco prevention programs, patient-focused public education, and community service/humanitarian programs. For more information on donating, contact CHEST Foundation staff at 224/521-9527, or visit us on our contact page.
“I have donated to the CHEST Foundation since its inception, initially for its activities with tobacco prevention and education directed at women and children. Now I donate because of the CHEST Foundation’s support of clinical research grants, robust patient education materials, and community service programs. Did you know that 95 cents of each dollar you give to the CHEST Foundation is used in support of these programs? The CHEST Foundation will always be on my giving list!”
—Stephanie Levine, MD, FCCP, CHEST President 2019-2020 and CHEST Foundation President 2010-2012
“It’s a real privilege to serve in CHEST leadership, and I am honored to have been selected on a number of occasions as CHEST faculty. As I engage with CHEST and foundation leaders, I have a new appreciation for the terrific work they do in the areas of grants and awards, community service, and patient education. Although their partners include global pharma and device industry, it’s really the time, talent, and financial support of CHEST members that make their programming possible! Donating all or part of my faculty honoraria is just one small way I can make a big difference!”
—Christian Sandrock, MD, FCCP, CHEST SEEK Contributor
Tax Reform Update—Good News for Giving
For over 100 years, charitable gifts have enjoyed special treatment in our nation’s tax system by way of a charitable deduction for income, gift and estate tax purposes.
The recent Tax Cuts and Jobs Act of 2017 repealed or limited many deductions, but the charitable deduction escaped virtually unscathed. In fact, it was enhanced through an increased allowance for gifts that can be claimed each year (up to 60% of adjusted gross income). Gifts above that amount may be carried forward up to five years. Additionally, a provision that would have reduced the benefit of itemized deductions for high-income taxpayers has been eliminated by repealing the Pease Amendment.
While every person’s tax situation is different, most taxpayers will benefit from the newly expanded standard deduction or may continue to claim itemized deductions for their charitable gifts.
Become a Member of the Champions Circle
Members of our Champions Circle fund our annual programming, and advance our mission to champion lung health. Our members of the Champions Circle save lives by supporting clinical research, patient education, and community service. Advances in lung health medicine are made possible because you believe in improving patient outcomes. We thank you, from the bottom of our hearts, for that commitment.
Become a Member of the Founders Society
You’ve committed your professional career to a lifetime of caring for patients’ lung health. Now we want to recognize you for a lifetime of giving to the CHEST Foundation and our mission of championing lung health.
The CHEST Foundation Founders Society acknowledges those who have given $50K or more in their lifetime through gifts to the Beyond Our Walls capital campaign, special appeals, fundraising events, endowment campaigns, gifts of honoraria, and gifts to the Annual Fund.
Honor/Memorial Gift Form
The CHEST Foundation is grateful for the opportunity to honor individuals through memorial or celebratory gifts. Please download our gift form (PDF) and mail to the CHEST Foundation. Upon receipt of an honor or memorial gift, we will send the donor a note of appreciation and tax receipt. The name and address of the donor is sent to the family or honoree designated on the form.
Stocks, Securities, and Mutual Funds
If you own appreciated securities (stocks, bonds, or mutual funds held by you for more than one year), donating them to the CHEST Foundation may allow you to reduce or avoid more capital gains taxes and receive a federal income tax charitable deduction for the full fair market value of the contributed stock.
You can also designate the CHEST Foundation as the beneficiary of your securities; please contact your broker for more information. This type of gift can be especially appealing if you are holding shares that have appreciated significantly in value but yield a low dividend. For more information, download this guide on Giving Securities (PDF), or click to learn more about learn more about donating stock or securities. (PDF)
Donor Advised Funds
A Donor-Advised Fund (DAF) is a charitable giving vehicle that can be funded through one contribution and then allows you to make grants over time to qualified charities of your choice, like the CHEST Foundation. You receive an immediate charitable tax deduction for the contribution, and the DAF will grow tax-free over time. Additional contributions can be made while the grants are done on your time table. For more information on these and other ways to support the CHEST Foundation, confidentially and with no obligation, contact Angela Perillo at firstname.lastname@example.org
“Several years ago, I made my initial investment into a donor advised charitable giving account. I love everything about it. The operations are smooth. The record keeping is effortless. The staff is readily accessible by phone if needed to facilitate the process.”
—Edward J. Diamond, MD, MBA, FCCP, CHEST Foundation Trustee-At-Large, CHEST Foundation President-Elect 2017-2018
The CHEST Foundation offers charitable giving opportunities to help you achieve your financial and estate planning goals. For more information, download this guide on Charted Giving Plans (PDF).
A gift by will or revocable trust can be simple to make and provides tax benefits for your estate. For more information, download this guide on How to Make a Will that Works (PDF).
An insurance policy that names the CHEST Foundation as beneficiary, or one for which you transfer ownership, provides tax benefits to you, as well as important charitable support to the foundation programs. For more information, download this guide on Giving Through Life Insurance (PDF)
Donors can take a charitable deduction for the cash value of the policy at the time of donation. You also can purchase a new policy naming the CHEST Foundation as the owner and beneficiary. An annual gift equal to the insurance premium each year, would provide you with an additional charitable deduction. The foundation would then make premium payments to the insurance provider.
“I knew nothing about donating life insurance. I heard about it during a board strategy session and realized I had a policy that could be donated. I contacted my insurance company. I was sent forms, which were easy to fill out. The forms were then forwarded to CHEST for some signatures, and it was completed. It could not have been easier.”
—Robert De Marco, MD, FCCP, Founder Society, Champions Circle
Bequest and/or Trust Language
I give, devise, and bequeath to The CHEST Foundation, a 501(c)(3) charitable organization having its principal offices in Glenview, Illinois: the sum of $_____ or _____ percent of my estate. [or all (or _____ percentage of) the rest, residue and remainder of my estate.]
This gift is to be used to further the charitable purposes of The CHEST Foundation, the philanthropic arm of the American College of Chest Physicians, at the discretion of the foundation’s board of trustees.
The CHEST Foundation Taxpayer Identification Number is 36-3286520.
By designating the CHEST Foundation as a charitable beneficiary of your individual retirement account, you can make a valuable charitable gift, transfer a highly taxable asset to charity tax-free, and reduce your taxable estate. Then other assets, such as real property and appreciated securities, can more readily be transferred with tax advantages to your individual beneficiaries. For more information, download this guide on Giving Through Retirement Plans (PDF).
Charitable Remainder Trusts
With a charitable remainder trust, you or other named individuals, can receive income for life or a period not exceeding 20 years from assets you give to the trust you create. By designating the CHEST Foundation as a beneficiary, you are helping to secure the future of chest medicine. For more information, download this guide on Giving Through Retirement Plans (PDF).
Advice from legal counsel or professional advisors should be sought when considering these types of gifts.