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Donating to the SOT Endowment Fund

Ways to Contribute

Making a gift to the SOT Endowment is easy. At a number of locations within this website reference is made to the Endowment Donor Form. Download this form and complete it taking care to clearly identify the fund or funds of your choice. If you are making a contribution with a credit card, please return by fax to 703.438.3113 or, alternatively, you can return it by mail. If you make a contribution by check, it will be necessary to return the form and check by mail to SOT Headquarters. Please contact Clarissa Russell Wilson if you wish to make arrangements to contribute stock securities or other assets.

Every contribution received is acknowledged in writing. The written acknowledgement serves as a receipt for fax purposes. Contributions made by credit card at year end must be received at SOT Headquarters by December 31. If year end contributions are made by check the check must be dated December 31 or earlier, but it need not be received at SOT Headquarters by December 31.

Recognition Levels

The SOT Endowment Fund has tiered recognition levels intended to encourage contributions to the Endowment Fund.

Individual
Recognition Level Contribution in a Fiscal Year
Paracelsus Circle $500 or more
Gold $250–$499
Silver $100–$249
Bronze $40–$99

Individual
Recognition Level Cumulative Contribution
Lifetime Paracelsus Circle Visionary $50,000 or more
Lifetime Paracelsus Circle Futurist $25,000–$49,999
Lifetime Paracelsus Circle Leader $10,000–$24,999
Lifetime Paracelsus Circle Benefactor $5,000–$9,999
Lifetime Paracelsus Circle Member $5,000 Commitment

Individuals are designated Lifetime Paracelsus Circle giver will be recognized by their cumulative gifts at the point that they an initial contribution of $500 or more and indicate their intention to make additional contributions to reach $5,000 or more within 10 years. Individuals who make cumulative gifts will be recognized as follows:

$5,000 Lifetime Paracelsus Circle Member
$10,000 Lifetime Paracelsus Circle Benefactor
$25,000 Lifetime Paracelsus Circle Leader
$50,000 Lifetime Paracelsus Circle Futurist
$100,000 Lifetime Paracelsus Circle Visionary

In the case of couples who are both members of the SOT, the Recognition Level is based on the contribution of each individual. Thus, a $500 joint contribution from a couple who are both members of the SOT is recognized for both individuals at the Gold Level and a $1,000 joint contribution is recognized for both individuals at the Paracelsus Circle Level.

$5,000 Lifetime Paracelsus Circle Member
Recognition on the SOT website and Invitation to President’s Reception.

$10,000 Lifetime Paracelsus Circle Benefactor
All the benefits of a Lifetime Paracelsus Circle Member; plus,
Guaranteed Room in Headquarters Hotel (at the prevailing SOT rate).

$25,000 Lifetime Paracelsus Circle Leader
All the benefits of a Lifetime Paracelsus Circle Benefactor; plus,
Participation in an EFB luncheon during the Annual Meeting.

$50,000 Lifetime Paracelsus Circle Futurist
All the benefits of a Lifetime Paracelsus Circle Leader; plus,
Recognition in the Membership Directory.

$100,000 Lifetime Paracelsus Circle Visionary
All the benefits of a Lifetime Paracelsus Circle Futurist; plus,
Special Article in Newsletter and/or put a bio on the website;
Have the Undergraduate Educator Award named for them for one year, and Assistance with registering for the Annual Meeting.

All the above recognition levels are based on all cumulative contributions.

Corporation/Institutional Recognition

Corporate/Institutional Recognition Levels for the SOT Endowment Fund are shown below.

Corporate/Institutional Recognition Levels
Diamond $10,000 or more
Platinum $5,000–$9,999
Gold $2,500–$4,999
Silver $1,000–$2,499


Charitable Gift Annuities

In response to interest from SOT members, the Endowment Fund Board has explored various avenues by which individuals can purchase Charitable Gift Annuities. These Annuities are designed to provide lifetime income to the individual purchasing the Annuity. They offer an opportunity for tax benefits to the Annuitant when the Annuity is purchased and a portion of the income is tax-exempt. Most importantly, the Annuitant can name the Society of Toxicology Endowment Fund as the beneficiary of the assets remaining in the Annuity on their death. The Endowment Fund Board recommended, and the Council approved in September 2007, an approach for SOT members to purchase such Annuities. Elizabeth K. Weisburger was the first SOT member to secure one of these Annuities. She has identified the Vera W. Hudson and Elizabeth K. Weisburger Scholarship Fund as the beneficiary of her Annuity.


Matching Funds

James Popp

James Popp
"I appreciate the opportunity to join my many colleagues in supporting the future of toxicology by contributing to the SOT Endowment Fund. The funds provided through the Endowment will certainly enhance our chosen profession in the future."

James Popp

To stimulate the growth of the Endowment Fund, the Endowment Fund Board, the Finance Committee, and Council all took necessary steps in September 2007 to enable the SOT to use unrestricted SOT funds to match donor contributions to the SOT Endowment Fund. The Matching Program, as ratified by Council, was extended to donor contributions made from the inception of the SOT Endowment Fund in January 2006. In the near term, these will be identified as the “SOT 50th Anniversary Match.”

The Matching Fund program is a great opportunity for both the SOT and donors, as well as a great way to celebrate the “SOT 50th Anniversary.” Viewed from the perspective of SOT finances, the amount of the match results in doubling of the assets as they are moved from an unrestricted category to the Endowment Fund to match donor contributions. From the perspective of the donors, the match represents a doubling of the value of their contribution and, thus, twice the assets available to provide long-term funding to the activities supported by the Fund to which they contribute.

The SOT Council has approved the matching of contributions that support the four Society Funds which include Education, International, Priorities and Student Travel. The SOT Council initially approved $250,000 for use to match contributions made in fiscal years 2006–2007 and 2007–2008. The SOT Council, on the recommendation of the SOT Endowment Fund Board, subsequently ratified increasing the available matching funds to $750,000. If it appears that the level of donor giving will exhaust these matching funds, the Endowment Fund Board is prepared to recommend that the Finance Committee and Council make additional matching funds available.

The availability of the “SOT 50th Anniversary Match” allows donors to leverage their own contributions. An individual donor’s Recognition Level will be based on the amount of the individual’s original contribution, exclusive of any match using SOT funds or an employer’s contribution.


Employment Matching Funds

jon cook

Jon C. Cook
“ As a graduate student, I was honored to receive the Carl Smith Award. Carl was a wonderful person and the Smith Award had a positive impact on many graduate students. It was gratifying to be able to direct my gift to the Smith Fund and know that I am giving back to sustain this Award. Even better was knowing that my company’s match as well as the SOT match meant my contribution was increased four-fold.”

Jon C. Cook

Some SOT members are employed by corporations that have programs for matching employee contributions to charitable organizations like the Society of Toxicology. Individuals are encouraged to check and see if their employer has such a program and, if so, make that known to the SOT when making their contributions to the Endowment Fund. The donor is also encouraged to process the necessary forms within the company to ensure that the employer matching funds are transferred to the SOT. If SOT matching policy applies and funds are available they will be applied to both the individual’s original donation and to the employer’s matching contribution.


Honoring Others

If the donor wishes, they may indicate that their contribution to a specific Fund is being given to honor a living individual, such as a family member or colleague, or in memory of a deceased individual. The donor only needs to make their wishes on this matter known on their Donor Contribution Form. Each year’s Annual Report will identify the donors who have given Funds in honor or memory of individuals.


Bequests

John Doull

John Doull

“I am gratified by the generosity of my fellow SOT members who are helping grow an SOT Endowment Fund that is on track to have assets of over $1 million by the SOT’s 50th Anniversary.”

John Doull

The SOT Endowment Fund has provisions for receiving bequests. Individuals who are interested in including the SOT Endowment Fund in their estate planning should make this known to their Attorney or Estate Planning Advisor. The individual’s will or trust documents should explicitly note their wish to have funds from their estate contributed to the SOT Endowment Fund, Society of Toxicology, a charitable, nonprofit organization under section 501(c)3 of the Internal Revenue Code. The SOT’s tax identification number is 52-605-7050. The individual may give explicit directions in their will or trust documents as to the purpose for which the funds are to be used including reference to an existing Fund. They may also specify the creation of a new named Fund whose purpose is consistent with the long-term goals of the SOT. The current SOT Endowment Fund guidelines require that the contribution equal or exceed $25,000 to establish a new Permanently Restricted Net Asset Fund. Individuals are encouraged to inform the SOT Executive Director, Shawn D. Lamb, if they have included the SOT Endowment Fund in their Estate Plans; however, this is not a requirement.

 

More information on planned giving.

 

Awards that are currently being funded by the Endowment Fund can be found by searching the Society of Toxicology Awards page.

 




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