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Planned Giving

A Father's Gift Honors His Son's Achievements

Paul and Reed Haney

Paul Haney and his proud dad, Reed

Reed Haney had no idea something was wrong with his newborn son in 1992. By the time doctors detected congenital glaucoma, Paul was 3, and his eyes already showed signs of significant damage.

Throughout Paul's childhood he endured multiple surgeries and his family worked tirelessly, particularly his late grandmother, to obtain vision services for Paul due to his vision impairment from glaucoma.

Paul relied upon skills he learned from Teachers of the Visually Impaired to help him cope with his vision loss and succeed both inside and outside of the classroom.

Today, Paul is 26. He had another major eye surgery within the past couple of years, but right now, his vision is stable. Reed has been by his son's side every step of the way, as a father and an advocate.

"It's important to me to inform people, especially parents," says Reed. "If Paul's condition had been caught earlier, immediate surgery could have likely saved most of his vision. Get your child's eye exam as early as possible, in the first six months. You can literally save your child's eyesight."

Born in Colorado, Paul completed high school with honors in Florida and received an academic scholarship from Florida State University (FSU). Paul obtained his bachelor's degree in music from FSU in December 2015 and completed his master's degree in education from FSU in December 2018.

To honor his son, Reed is leaving a generous gift to Glaucoma Research Foundation in his will. Setting up a bequest was easy, he says. "I simply spoke to my estate attorney and included the Glaucoma Research Foundation in my will."

Paul is now working as a Teacher of the Visually Impaired and Orientation and Mobility Specialist in the Portland, Oregon, area.

Glaucoma Research Foundation is incredibly grateful for Reed's meaningful and most thoughtful gift in honor of Paul to ensure future resources to advance our research programs.

Like Reed, you can pay tribute to a loved one with glaucoma through a gift in your will and help fund research to fund a cure. For more information, please contact Nancy Graydon at 415-986-3162 ext. 231 or ngraydon@glaucoma.org.

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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.

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