Planned Giving

Ensure a strong future for The LAM Foundation through a planned gift.

The LAM Foundation offers various planned giving options providing you an opportunity to impact the future of The LAM Foundation without affecting your current cash flow.  You can be a part of ensuring The LAM Foundation’s continued pursuit of its mission: to urgently seek safe and effective treatments, and ultimately a cure, for LAM.

No matter your age or income level, there is a planned giving option for you.   

Gifts from a Will or Trust 

The easiest and most popular way to leave a legacy is to designate The LAM Foundation as a beneficiary of your will or living trust. The process is easy and can be as simple as adding:   "I bequeath $__________ or __________% of my estate to The LAM Foundation, 4520 Cooper Rd. Suite 300, Cincinnati, OH 45242" to the document. You can modify your bequest at any time and gifts are tax-deductible to your estate.

Gifts from Retirement Assets

You can gift assets from an IRA, 401(k), or other retirement plan by naming The LAM Foundation as a beneficiary. The process is simple - contact your plan administrator, or bank, for a beneficiary designation form.  You will need to provide The LAM Foundation's tax ID: 31-1438001 and mailing address - 4520 Cooper Rd., Suite 300, Cincinnati, OH 45242.  

You can also donate the income/disbursements during your lifetime to reduce your tax burden.  For those over 70 and a half, you can make contributions directly from your IRA.

Gifts of Life Insurance

When you name The LAM Foundation as the beneficiary of your life insurance policy you make a much larger gift than you may otherwise be able to afford.  If you currently have an ancillary insurance policy that is no longer needed, it can be gifted to The LAM Foundation, allowing for an immediate tax deduction.

Gifts of Stock

Donating stock is simple and will not impact your current cash flow. You receive the same income tax savings that you would if you wrote a check, but with the added benefit of eliminating capital gains taxes on the transfer or a reduction in tax burden of the estate.

Because each mutual fund company has its own protocol, please have your broker contact The LAM Foundation’s representative: Kathleen Eggers, Morgan Stanley Smith Barney at (800) 328-2802 or (425) 453-3480, Fax: (425) 453-5802.

Gifts of Personal Property or Real Estate

If you own your home and wish to remain living there, you may transfer ownership to The LAM Foundation while retaining the right to use it during your lifetime. This can provide a significant tax deduction.

Donor-Advised Fund or Charitable Annuity

You will continue to benefit from these assets during your lifetime, and the remaining balance will roll to The LAM Foundation upon your passing. Receive a tax deduction for the charitable gift portion of the annuity.

 

A Gift More Than 40 Years in the Making 

Wendy Sellers was a 30-year-old wife and mother when she finally received a definitive diagnosis for her ongoing lung issues: lymphangioleiomyomatosis (LAM). For the next few years, Wendy spent her time loving her two children and living the best life she could while battling this disease. She planted a magnificent flower garden, found hope in the blossoms of yellow tulips, and danced with her children while creating memories they cherish to this day.   

In the early 1980s, Wendy’s husband, Rick, and her father-in-law, Dr. John Sellers, helped Wendy become established as a patient at the Mayo Clinic, ensuring she would receive the most advanced care available at that time. Wendy participated in early LAM studies and her journey was chronicled in The New England Journal of Medicine. Little was known about LAM at the time. There was no treatment available to Wendy and, sadly, she passed away at the age of 32. 

The Sellers family credits funding for LAM research and the high level of participation in clinical trials to The LAM Foundation and its dedicated patient community. These efforts have advanced the understanding of LAM, resulting in an FDA-approved treatment in 2015 and, hopefully, paving the way to a cure.  

Dr. Sellers passed away at the age of 103 in 2017. During the years following the loss of his daughter-in-law, his devotion to her and his understanding of the critical need to advance LAM research never waned. Wendy inspired him to leave a legacy for The LAM Foundation through a gift from his estate. The LAM Foundation received this transformational gift nearly 40 years after Wendy’s death, reminding us all of the profound impact one life can have on the lives of many others. 

The Breath of Hope Legacy Society

The LAM Foundation created this society to recognize donors who want to create a legacy that will help shape the Foundation’s future through a planned gift. Donors who make a planned gift can be recognized for their contribution while still living and leave behind a remarkable legacy of caring and support to the LAM community.  If you’ve already designated The LAM Foundation in your estate, please let us know so we can properly thank you.

Connect with The LAM Foundation and we will be happy to discuss any of these options that can benefit you and the Foundation.  Consult with your tax advisor to discuss particular situations relevant to your tax benefits of these gifts.

Phone: 513-777-6889        

Email: DEVELOPMENT@THELAMFOUNDATION.ORG 

The LAM Foundation

4520 Cooper Rd., Suite 300
Cincinnati, OH 45242
Tax ID:  31-1438001