Research: The Future of Ultrasound
The AIUM Future Fund (AFF) seeks to fund pioneering researchers, educators, and practitioners who are developing exciting technologies and applications for the future of ultrasound. AFF grant recipients have investigated the use of ultrasound to prevent strokes, to improve women's health care, to diagnose macular degeneration, to decrease medical cost, and to aid in cancer treatment. The diversity of ultrasound applications itself has exciting possibilities and calls for continued research to further the use of ultrasound with the hope of improving healthcare and the quality of individual lives.
The AIUM Future Fund
In the 1990's when federal funding for ultrasound research began to wane, Peter Arger, MD envisioned the establishment of the AFF. During his term as president of the AIUM, Dr Arger took his passion and belief in medical ultrasound to industry leaders, collecting their support and resources to stimulate the awareness and advancement of medical ultrasound. As a result of his work and others in the association, the AFF was established in 1996. AIUM members began to lend their support with annual donations, and in 2001, the AFF began awarding an average of four $10,000 seed grants per year in the categories of Clinical Research, Basic Science, and Education.
We are confident the AFF will soon grow to the point where we will be able to fund research solely from the principle. Donations to the AFF are fully tax-deductible to the extent of the law.
Upholders of the Future Fund
Upholders of the AFF are committed to supporting AIUM's mission to promote ultrasound research. Their gifts fund AFF grants and other initiatives. Generally, these gifts are unrestricted so they can be used to fund both grants and, yet to be determined, future projects. If you would like to give a restricted gift, please contact the AIUM to specify your wishes.
There are several ways you can employ planned giving to donate to the AFF while effectively stretching your charitable contributions, saving taxes, and leaving more to your family and other beneficiaries.
1) Retirement Assets: By naming the AIUM as a beneficiary of your retirement plan, you can support the AFF by leaving all or a portion of your remaining retirement assets. This includes IRAs, 401(k), and pension plans.
2) Life Insurance:
Donating your Retirement Assets:
You can name the AFF as the beneficiary of your IRA, 401(k) or other qualified plan. By doing so, the remaining funds in your plan pass at your death to the AFF tax-free.
How this benefits you:
- You can avoid both income and estate tax levied on the remainder of your retirement plan by donating it to charity.
- You can continue to withdraw from the plan during your lifetime.
- If your circumstances change, you can change your beneficiary.
- You have the additional option of donating your retirement plan assets to the AFF through your will or revocable trust.
- You can have the satisfaction of knowing that the funds you worked so hard to earn will support ultrasound research when you are gone.
Adding the AIUM as a beneficiary of a life insurance policy allows you to make a larger charitable gift than you might feel otherwise able to donate.
Donating your Life Insurance Policy:
You can transfer your paid-up life insurance policy to the AFF. Then, the AFF can either cash in the policy upon receipt or hold the policy and receive the death benefit later.
How this benefits you:
- Donating your life insurance policy allows you to receive an immediate income tax deduction for the cash surrender value of the policy.
- You can give a significant gift to the AFF without affecting your current income.
This provides a means for you to contribute to the AIUM either by giving a specific dollar amount, an asset, or a portion of your estate through a will or living trust.
Making a Bequest:
By making a bequest you include a bequest provision in your will or revocable trust, which allows you to provide now for a future gift to the AFF. You can have your will or trust direct a portion of your assets to your heirs and a bequest to the AFF for the purpose you specify.
How this benefits you:
- You can have your bequest directed to a particular purpose which you have agreed upon with the AFF.
- If your circumstances change, you can change your bequest.
- Your assets remain in your control during your lifetime.
- Estate tax deductions for charitable bequests do not have an upper limit.
- You can have the satisfaction of knowing your bequest will support your particular area of interest in ultrasound research.
Those who support the AFF understand the importance of research grants to help investigators, both scientists and medical professionals, to gain protected time to complete their research. Medical professionals often feel pressure to choose between seeing patients and investing their time in valuable research. Grant funding relieves some of this pressure for research teams and their institutions. The AFF shows the AIUM's commitment to raising awareness and advancing medical ultrasound by encouraging investigators to thrive in their research initiatives, leading to medical breakthroughs and superior patient care.
Your Planned Giving Opportunity
If you would like to discuss how planned giving can benefit you and the AIUM, please contact Glynis Harvey, CEO at 301-498-4100 or email@example.com
The American Institute of Ultrasound in Medicine is a multidisciplinary association dedicated to advancing the safe and effective use of ultrasound in medicine through professional and public education, research, development of guidelines, and accreditation.
Please read about the work of recent grant recipients here.
If you know of someone interested in ultrasound research, please refer them to the AFF grant application.