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Planned Giving

Enabling Glaucoma Research for Generations

Harvey and Susan Wittenberg

Harvey and Susan Wittenberg
"It's a very easy process. The funds automatically go from the IRA to GRF. And because the money doesn't ever pass through our hands, it's tax free."
—Susan Wittenberg

Harvey Wittenberg, a retired attorney from El Cerrito, California, was diagnosed with glaucoma about 30 years ago. He's doing fine today, he says, thanks to the constant care of glaucoma specialist Andrew Iwach, MD. Impressed with Dr. Iwach, as a doctor and a person, Harvey and his wife, Susan, have been inspired to give regularly to Glaucoma Research Foundation (GRF) since 2004. Lately, the couple has been wanting to do more to pay tribute to the doctor that has made such an impact on their lives.

After attending the launch of The Cure is in Sight Campaign, the Wittenbergs decided to make a leadership gift to Glaucoma Research Foundation's major fundraising effort.

"The four researchers who spoke that evening were so inspiring and committed," says Susan. "I'm impressed with how successful GRF has been at accomplishing what they set out to do."

The Wittenbergs will use their IRA to make their gift over the course of two years.

"It's a very easy process," says Susan. "The funds automatically go from the IRA to GRF. And because the money doesn't ever pass through our hands, it's tax free."

Another factor motivating Susan and Harvey to make a planned gift is their children. Susan says their older daughter will likely be diagnosed with glaucoma in the future. "Her eyes have followed the same pattern as her father's," Susan says. "It would be nice if there were real practices in place to not only treat her disease, but to stop it."

Giving back is something the Wittenbergs have instilled in both their daughters. "We really do believe that if you've been fortunate enough to have all your needs met, you have an obligation to give back," Susan says. "It's interesting and exciting to see how a donation canimpact a cause as it moves forward. We hope the next generation will pick up the baton and keep supporting this cause."

Leave a Lasting Legacy

Contact Nancy Graydon at (415) 986-3162 ext. 231 or ngraydon@glaucoma.org to learn how you can leave a lasting legacy at Glaucoma Research Foundation like Susan and Harvey.

eBrochure Request Form

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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 give to Glaucoma Research Foundation, a nonprofit corporation currently located at San Francisco, CA, or its successor thereto, ______________* [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 potential 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 may qualify for a federal income tax charitable deduction when you itemize. 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 may qualify for a federal income tax charitable deduction when you itemize. 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

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