Skip to Content

Planned Giving

Frank Stein and Paul S. May: True Visionaries in the Quest to Find a Cure.

donor-frank-stein-paul-s.jpg

In 2008, longtime Glaucoma Research Foundation supporters, Frank Stein and Paul S. May announced their plan to make a significant contribution to advance glaucoma research. The establishment of The Frank Stein and Paul S. May Grants for Innovative Glaucoma Research will provide generous support for Glaucoma Research Foundation's annual individual investigator grants to selected research scientists. Due to their desire to make a difference, since 2010, Frank and Paul have made annual sizeable payments to the Foundation to provide this yearly grant support.

Thomas M. Brunner, Glaucoma Research Foundation's President and CEO remarked that turning their future commitment into annual support illustrates Frank and Paul's true dedication to furthering glaucoma research: "One of the aspects of this grant that is most heartfelt to me is how personally they both feel about the need for this research to continue. Frank told me he is ‘too well aware of how this disease can silently impact a person's sight, inasmuch as he was diagnosed with glaucoma many years ago, and that is the reason why he has supported our Foundation from the very beginning. And I know Paul recognizes what glaucoma can do to a person's sight since his mother was legally blind due to glaucoma. While he also has glaucoma, Paul has been spared any loss of vision."

This remarkable gift exemplifies Frank and Paul's true philanthropic spirit. Their commitment to Glaucoma Research Foundation supports both current and future pioneering studies to broaden our understanding of glaucoma and lead us closer to the ultimate goal of finding a cure. We are indebted to Frank and Paul for their ongoing partnership in our sight-saving endeavors.

Sadly, Paul passed away on September 12, 2013, but he left behind a remarkable legacy through the establishment of the Frank Stein and Paul S. May Grants for Innovative Glaucoma Research.

eBrochure Request Form

Please provide the following information to view the brochure.

A charitable bequest is one or two sentences in your will or living trust that leave to Glaucoma Research Foundation a specific item, an amount of money, a gift contingent upon certain events or a percentage of your estate.

an individual or organization designated to receive benefits or funds under a will or other contract, such as an insurance policy, trust or retirement plan

"I, [name], of [city, state, ZIP], give, devise and bequeath to Glaucoma Research Foundation [written amount or percentage of the estate or description of property] for its unrestricted use and purpose."

able to be changed or cancelled

A revocable living trust is set up during your lifetime and can be revoked at any time before death. They allow assets held in the trust to pass directly to beneficiaries without probate court proceedings and can also reduce federal estate taxes.

cannot be changed or cancelled

tax on gifts generally paid by the person making the gift rather than the recipient

the original value of an asset, such as stock, before its appreciation or depreciation

the growth in value of an asset like stock or real estate since the original purchase

the price a willing buyer and willing seller can agree on

The person receiving the gift annuity payments.

the part of an estate left after debts, taxes and specific bequests have been paid

a written and properly witnessed legal change to a will

the person named in a will to manage the estate, collect the property, pay any debt, and distribute property according to the will

A donor advised fund is an account that you set up but which is managed by a nonprofit organization. You contribute to the account, which grows tax-free. You can recommend how much (and how often) you want to distribute money from that fund to Glaucoma Research Foundation or other charities. You cannot direct the gifts.

An endowed gift can create a new endowment or add to an existing endowment. The principal of the endowment is invested and a portion of the principal’s earnings are used each year to support our mission.

Tax on the growth in value of an asset—such as real estate or stock—since its original purchase.

Securities, real estate, or any other property having a fair market value greater than its original purchase price.

Real estate can be a personal residence, vacation home, timeshare property, farm, commercial property or undeveloped land.

A charitable remainder trust provides you or other named individuals income each year for life or a period not exceeding 20 years from assets you give to the trust you create.

You give assets to a trust that pays our organization set payments for a number of years, which you choose. The longer the length of time, the better the gift tax savings to you. When the term is up, the remaining trust assets go to you, your family or other beneficiaries you select. This is an excellent way to transfer property to family members at a minimal cost.

You fund this type of trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. You can also make additional gifts; each one also qualifies for a tax deduction. The trust pays you, each year, a variable amount based on a fixed percentage of the fair market value of the trust assets. When the trust terminates, the remaining principal goes to Glaucoma Research Foundation as a lump sum.

You fund this trust with cash or appreciated assets—and receive an immediate federal income tax charitable deduction. Each year the trust pays you or another named individual the same dollar amount you choose at the start. When the trust terminates, the remaining principal goes to Glaucoma Research Foundation as a lump sum.

A beneficiary designation clearly identifies how specific assets will be distributed after your death.

A charitable gift annuity involves a simple contract between you and a third party where you agree to make a gift to Glaucoma Research Foundation and they, in return, agree to pay you (and someone else, if you choose) a fixed amount each year for the rest of your life.

Personal Estate Planning Kit Request Form

Please provide the following information to view the materials for planning your estate.