0906 Non-Profit Org Office of Gift & Endowment Planning US Postage University of California, San Francisco PAID UCSF Box 0248 Sacramento, CA San Francisco, CA 94143-0248 Permit No. 333 ADDRESS SERVICE REQUESTED “If it wasn’t for the School of Dentistry, I wouldn’t be in a position to make this gift.” – Denis Lynch, DDS ’76, Heritage Circle member since 2010 FORESIGHT A GUIDE TO FINANCIAL & CHARITABLE GIFT PLANNING / UCSF SCHOOL OF DENTISTRY / SPRING 2011 Dear Alumni & Friends: Retired Alumnus Remembers I’m always curious how people the UCSF School of Dentistry come to a decision about making a obert LeRibeus, DDS ’60, served as bequest or creating a life income plan a dental technician in the navy in the for the ultimate benefit 1950s, which led him to pursue a of the UCSF School of R career in dentistry. A native of San Diego, Dentistry. It certainly LeRibeus moved to San Francisco to attend is not a decision to be the UCSF School of Dentistry on the GI Bill. taken lightly since we all His wife, Jane, worked at Oronite Chemical want to make sure that Company until April of his senior year when “ I hope our charitable trust will our family and friends are their daughter, Karen, was born. Their son, benefit future dental students.” taken care of when we Brian, arrived two years later. Robert LeRibeus, DDS ’60, pictured here with his wife, Jane, in 2010. are gone, and also that we too have Out of many outstanding teachers at financial security during our lifetimes. UCSF, LeRibeus recalls the influence of George Hughes, DDS. He remembers Robert and Jane LeRibeus chose Dr. Hughes was a stickler for detail and a taskmaster, but was a fair and practical to establish a charitable remainder instructor. Among other accomplishments, Hughes was a member of the trust which allows them to receive a prestigious Academy of Denture Prosthetics and served as its president in 1969. steady stream of income during their After graduating from UCSF, LeRibeus moved back to San Diego and opened lifetimes. We are grateful to them a general dental practice. Through continuing education courses, study groups, as well as to each and every one of literature and research, LeRibeus became interested in temporomandibular joint you who has made a planned gift to (TMJ) disorders and included their treatment as a major part of his practice. the School. He became one of a small cadre of dentists trained to give acupuncture to TMJ If you would like to discuss the disorder patients, which helped manage their symptoms. Later on, he taught aspiring benefits of making a bequest or a life dental students about TMJ disorders at the University of Southern California and income plan to the UCSF School of the University of California, Los Angeles as a part-time volunteer faculty member. Dentistry, please call our staff in the Retired from active practice for the past five years, LeRibeus finds himself with Office of Gift & Endowment Planning no shortage of things to do. He enjoys golfing and vegetable gardening, as well as at 415/476-1475. cooking and traveling with Jane. Most of all, he takes pleasure in spending time with his family, which now includes three grandchildren. This year the LeRibeuses Sincerely, will be celebrating their 60th wedding anniversary with a trip to the Far East. The LeRibeuses generously established a charitable remainder trust in 1995 funded with real property and named UCSF School of Dentistry as one of its ultimate beneficiaries. John D.B. Featherstone, MSc, PhD Recent Estate Gift to the UCSF School of Dentistry Dean, UCSF School of Dentistry Kenneth A. Hunter, Sr. established a charitable remainder trust in 1992 and named the UCSF School of Dentistry as the ultimate beneficiary. Now terminated, the For more news on the UCSF School of proceeds of the trust, amounting to $237,000, will be used to create the Kenneth and Dentistry go to http://dentistry.ucsf.edu/ Elaine Hunter Fund in the School of Dentistry to support faculty development. We’d like to hear from you – If you would like more information about making a planned gift, please complete and send back this tear-off reply card or call the UCSF Office of Gift & Endowment Planning at 415/476-1475. Please contact me about making the following type of gift: NAME (please print) h Bequest h Retirement Assets h Real Estate ADDRESS h Life Insurance h Personal Property (antiques, artwork, jewelry, etc.) h Stock/Mutual Fund CITY STATE ZIP h Life Income Plan (i.e., Charitable Trust, Gift Annuity, Pooled Fund), please specify: The Heritage Circle is an honorary society for those who have EMAIL included a gift to UCSF as part of their estate plans. h I have included a gift to UCSF in my estate plans. ( ) h Please send me information about becoming a member of TELEPHONE the Heritage Circle. UCSF: Creating a healthier world through education, research, patient care and community service. If you wish to make a gift while preserving your assets during your lifetime, you might consider one of the following planned giving options. Charitable Gift Annuity Bequest Retained Life Estate A charitable gift annuity is a way to A bequest to UCSF can be included You can deed your primary residence make a gift now and receive back in a will or living trust and can be for or vacation home to UCSF and retain income. The income from a charitable any dollar amount. The usual wording the right to live in or use it for the rest gift annuity is based on the age of of an unrestricted bequest to UCSF of your life. This is known as a retained the income beneficiary and does not is the following: life estate. Such a gift frequently fluctuate. This is appealing especially entitles a donor to a sizeable to older donors “I give to the University of California, charitable income tax deduction. On SAMPLE RATES wanting the San Francisco Foundation the termination of the life estate, UCSF (Single life only) security of a typically sells the property and uses sum of $_______ to be used as AGE FIXED steady stream the proceeds as directed by the donor. INTEREST of income. directed by the Chancellor.” 65 5.5% Younger donors Charitable IRA Rollover – Such gifts can be directed to the Tax Free up to $100,000 70 5.8% sometimes opt to establish Medical Center, a particular School Late in 2010 Congress reauthorized 75 6.4% a “deferred” (Dentistry, Medicine, Nursing or a tax provision which, until the end gift annuity Pharmacy) or the Graduate Division. 1 80 7.2% of 2011, allows donors age 70 ⁄2 with income Bequests can also be designated for and older to transfer up to $100,000 85 8.1% to start at a later a specific purpose such as student from an IRA account to fund a date such as scholarships, faculty support, medical gift without having to include the retirement. The minimum gift required research or patient care. Bequests can transferred amount in their taxable to establish a charitable gift annuity at be used on a current basis or to fund income. Because such transfers are UCSF is $25,000. permanent endowments, which can not included in the donor’s taxable be named for a loved one. If you would Charitable Remainder Trust income, the donor is not entitled to a like your bequest used for a particular charitable income tax deduction. To By using a charitable remainder trust purpose, please contact the UCSF be eligible, transfers must be made to make a gift to UCSF, you can Office of Gift & Endowment Planning no later than December 31, 2011 and receive back income for life or a term for recommended wording to ensure must be made directly to UCSF from of years not to exceed 20. With this that your wishes are carried out. the IRA custodian. type of planned gift, you irrevocably transfer cash or other property (usually appreciated securities) to the UCSF Foundation in trust, with instructions to pay you or a loved one an agreed percentage annually. In addition to receiving a stream of income, you also would receive a charitable income tax deduction based on the value of UCSF’s remainder interest in the trust, as actuarially determined. All income payments are made from trust assets, the investment of which is overseen by the UCSF For more details about any of these gifts, please contact Foundation. On termination of the the Office of Gift & Endowment Planning. trust, any remaining trust assets pass Tel: 415/476-1475 Email: [email protected] to UCSF to be used as specified by you. The minimum amount needed to www.ucsf.edu/support/trustsandbequests/ establish a charitable remainder trust You should consult your attorney about the applicability to your own with the UCSF Foundation as trustee situation of the legal principles contained herein. is $100,000. Box 0248 NO POSTAGE NECESSARY IF MAILED IN THE UNITED STATES BUSINESS REPLY MAIL FIRST CLASS MAIL PERMIT NO. 25120 SAN FRANCISCO, CA POSTAGE WILL BE PAID BY ADDRESSEE 0906 Daniel E. Riley, JD UCSF Foundation Office of Gift & Endowment Planning University of California, San Francisco P. O. Box 410330 San Francisco, CA 94141-9917 .