HOSPITAL HOSPITAL FOR SPECIAL FOR SPECIAL SURGERY SURGERY: 535 EAST 70TH STREET SPECIALISTS NEW YORK, NY 10021 IN MOBILITY 212.606.1000 www.hss.edu SPRING 2009 HORIZON SPRING 2009 Horizon 2008 ANNUAL Hospital for Special Surgery is an affiliate of NewYork- REPORT Presbyterian Healthcare System and Weill Cornell Medical College. Team Players Hospital for Special Surgery’s sports medicine professionals oversee care for competitive athletes and teams in virtually every sport. Middle: Brandon Jacobs, New York Giants Clockwise, from the top: Devin Harris, Nets Basketball; Sarah Bates Johnson, US Rowing Team; Andy Roddick, ATP; Wilson Chandler, New York Knicks; Seth Stammler, New York Red Bulls; Adenike Oyesile, St. Peter’s College; Richard Kiplagat, Iona College; and Success Michael Phelps, USA Swimming team in Sports – and Sports Medicine William R. Salomon: Thoughtful Giving with a Charitable Lead Trust n the 1970s William R. Salomon decid- Almost 10 years ed he had been suffering too long with ago, the Salomons Horizon Ihip pain. Knowing that hip replacement created a Charitable surgery could be the answer, he sought to Lead Trust – a planned find an orthopedic surgeon who didn’t giving method that IN THIS ISSUE: think that at age 60 he was too young for provides critical sup- the procedure. He found that physician in port for the Hospital’s Success in Sports and Sports Medicine 1 Cover: New York Mets Philip D. Wilson, Jr., MD, then Surgeon-in- research efforts. pitcher Johan Santana Chief of Hospital for Special Surgery. At Their gift included the Our Professional Teams 4 returns to the mound after that time, hip replacement in the United establishment of an successful surgery at HSS The Professional Athlete 7 States was still very new, and surgeons endowment fund to to repair a torn meniscus. were reluctant to perform the procedure create the Virginia F. The School Athlete 13 At right: Dr. David Altchek in someone in their sixties. But Dr. Wilson and William R. reviews the pre-operative and his colleagues at HSS were at the Salomon Chair in Rehabilitation and Recovery 17 MRI images of the torn forefront of hip replacement surgery, Musculoskeletal having traveled to England to learn from Research. “When I Science and Sports 21 meniscus in Santana’s left knee in preparation for Sir John Charnley, the “father of modern wanted to make a William R. Salomon and his late wife, Virginia. Sports Medicine and Shoulder Service 24 arthroscopic surgery. total hip replacement,” who had originat- contribution to Special ed the procedure in the early 1960s. Surgery, I learned that the charitable lead tive now is an historically low special 2008 Annual Report 26 Below: Santana warms up “My wife, Virginia, happened to be at trust was a very rewarding method by rate that the Internal Revenue Service during the Mets spring the Hospital seeing Dr. Lee Ramsay which a person could make a gift,” says uses to predict how much your assets Leadership Report 26 training in Port St. Lucie, Straub, and he saw me limping away,” Mr. Salomon. “I also wanted it to do the will grow in the trust.” This potentially Florida. recalls Mr. Solomon. “He said to Virginia, most good for the Hospital.” allows heirs to receive substantial gains William and Carolyn Stutt: ‘Why doesn’t Billy have that repaired? Today, charitable lead trusts are tax-free. Friends for Quality of Life 32 and she said, ‘He would love to.’ So he becoming popular additions to donor “Hospital for Special Surgery is a very sent me to Dr. Wilson, and I had the oper- retirement planning as they offer attrac- personal place that takes an interest in Philanthropic Highlights 33 ation. Obviously it was quite successful.” tive, fixed, secure payments donors can the patient,” says Mr. Salomon, whose Mr. Salomon’s new hip served him well count on, even in an unpredictable mar- generosity has also supported the Virginia Finance Report 34 for 22 ½ years before he needed revision ket. They provide the donor with control F. and William R. Salomon Rehabilitation Professional Staff, Management, and Volunteers 36 surgery – performed at HSS by Douglas over the investment and an opportunity Department at HSS. “All the people that I E. Padgett, MD, a protégé of Dr. Wilson. to balance what they want to leave for have come in contact with here over the Benefactors 42 Wanting to do something for the their heirs with their philanthropic goals. years are enthusiastic about what they Hospital, Mr. Salomon, Honorary With a charitable lead trust, a donor can are doing and there is a warmth about the Officers and Board Members 52 Chairman of Citigroup and former transfer assets (including cash, art, and Hospital that is quite unusual in this day Managing Partner at Salomon Brothers, stocks) to a trust for a set term of years and age. I think most people who have a William R. Salomon: Inc., recalls, “Dr. Wilson asked me if I and receive preferential tax treatment, serious operation there would somehow Thoughtful Giving with a Charitable Lead Trust 53 would be interested in going on the including current income tax deductions or another like to become involved. I’ve Board and I said I would love to.” Mr. and a reduction of capital gains taxes. enjoyed the privilege.” Salomon became a member of the Board Annual payments – as either a fixed Executive Editorial Board Design of Trustees in 1979, with he and his amount or a set percentage of the trust’s If you would like more information Steven R. Goldring, MD Arnold Saks Associates Edward C. Jones, MD wife becoming among the Hospital’s most value each year – are made from the trust on planned giving opportunities, please Printing Stephen A. Paget, MD generous and devoted benefactors. to a designated charity or charities. The contact Rachel Cameau, Associate Monroe Litho Aldo Papone, Chairman charity is the beneficiary throughout Director, Planned Giving, at Deborah M. Sale Cover Photography the term of the trust. At the expiration of 212.774.7252 Thomas P. Sculco, MD Marc Levine/Getty Louis A. Shapiro the trust, the heirs inherit the assets. Major Photography Philip D. Wilson, Jr., MD According to a recent article in the Robert Essel Director of Marketing Wall Street Journal, “What makes them Other Photography Rachel Sheehan [charitable lead trusts] especially attrac- Brad Hess Assistant Director, Sports Photography Credits Sponsorship Marketing See page 51 Michelle Mulbauer Horizon is published twice a year Editor-in-Chief by the External Affairs Department, Sara Kosowsky Hospital for Special Surgery, Managing Editor 535 East 70th Street, New York, NY 10021. Linda Errante 866.976.1196 | [email protected] Assistant Editor Rachel Jager ©2009 Hospital for Special Surgery. All rights reserved. n October 1, 2008, Johan Santana – the New York OMets ace left-hander pitcher – underwent successful arthroscopic surgery at Hospital for Special Surgery by the team’s Medical Director David W. Altchek, MD, and Head Team Physician Struan H. Coleman, MD, PhD, to repair his torn meniscus. The meniscus is the cartilage between the moving surfaces of the knee. Along with knee ligaments, the meniscus contributes to knee stability. Remarkably, Santana had pitched the season’s final month with the injury, and few people knew he had been doing so with pain in his push-off leg. “I didn’t think the knee was that serious because I was able to pitch with it, but, of course you never know,” said Santana. “There is always the anxiety of having surgery and how you are going to come out of it, but one of my agents told me how good HSS is. Dr. Altchek put me at ease from the very beginning. He told me what rehab I would have to do to get back to be ready for spring training. He gave me a lot of confidence that I wouldn’t have any problems at all this year. All the doctors I’ve met have a deep understanding of what an athlete needs to do to get ready.” Less than five months later, and a few weeks away from his 30th birthday, Santana arrived at spring training in Port St. Lucie, Florida for his second season with the Mets, “looking limber and fit – in better shape than pitchers six or seven years younger,” reported the Associated Press. 1 David Altchek, MD, is no ordinary “You might do some things differ- ance. By learning how we can maxi- fan when he is watching Johan Santana ently for the pro footballer whose liveli- mize outcomes in the pro athlete, we throw out the first pitch at a New York hood is the game than you would for can then translate that to our recre- Mets game. During the past 17 years, the 16-year-old high school student,” ational athletes.” Dr. Altchek has served as a Team says Dr. Rodeo. “You might let the pro The camaraderie and team effort Physician and most recently as Medical take more chances as long as it’s an that Drs. Altchek, Rodeo, and their Director for the New York Mets. informed decision. Nuances come in colleagues find among athletes on Dr. Altchek, along with his colleague to play with athletes at that level. competitive teams also defines their Scott A. Rodeo, MD, Associate Team However, with all of that being said, own relationships on the Sports Physician for the New York Giants, you are still treating the athlete. Their Medicine and Shoulder Service. “We are Co-Chiefs of Hospital for Special health is the most important thing. have a lot of talented men and women Surgery’s Sports Medicine and Shoulder You have to divorce yourself from the on the Service, and our goal is to Service – one of the largest sports excitement of the event and ask, ‘what make sure that everybody is harness- medicine departments in the country.