In Development Spring 2016
In this issue:
- A Program Driven by Philanthropy: The Academy of Master Clinicians inducts a new class
- Our Priority Is YOU! We’re fundraising for endowed chairs
- Palm Beach 2016 by the Numbers: How key relationships are built and sustained
- News You Can Use ― Today
- Join Us for a Development Training Session
- An Option That’s Now Always on the Table: Permanent Charitable IRA Rollover
- Quick Tips: How does development work, and how could I make a difference?
Summer Break?...Not Quite
Like many of you, we look to the end of the academic year with excitement: Thanks to your wonderful partnership, we have already exceeded this year’s fundraising goal of $160 million. The difference you can make with that support is, of course, immeasurable, and patients, their families, and our medical students will be benefiting from your tireless efforts for years to come.
Of course, just as we soon turn a corner in June, we must keep our eyes toward July…and beyond. We’ll be challenged to dream bigger, work harder, and build even more fruitful connections to ensure Penn Medicine’s impact is felt world-wide. As they say, it will be back to the books come the fall, and all of us at Penn Medicine Development & Alumni Relations will be ready with fresh ideas and new strategies to realize your most ambitious goals for our institution — and for medicine.
For now, let’s take a moment to celebrate our successes — including another great excursion to Palm Beach — and have a quick “study” on how development can help advance your work.
It’s been a remarkable year for our institution: new endeavors made possible by years of relationship-building and collaboration. We hope you become inspired by the possibilities of finding strong partners in our donor, alumni, and volunteer communities…and we look forward to helping you build those fruitful relationships.
A Program Driven by Philanthropy:
The Academy of Master Clinicians inducts a new class
Supported largely by philanthropy, The Academy of Master Clinicians helps foster clinical excellence throughout Penn Medicine. Each Master Clinician receives a one-time financial award of $10,000 and organizational support to share their knowledge through such activities as master classes, mentorship, and fostering professionalism throughout Penn Medicine.
Gifts to the Academy allow additional faculty to become members, gaining recognition and support for their excellence in patient care. We are currently raising $3 million to endow this initiative, and are tremendously grateful for the support of Independence Blue Cross and our philanthropic community — including Suzanne and Norman Cohn, who hosted a lovely event at their residence last fall.
Master Clinicians are recognized as innovators and leaders in patient care, and selection to the Academy is Penn Medicine’s highest clinical honor. Congratulations to the Class of 2015!
|• Emily A. Blumberg, MD – Infectious Diseases||• Jeanmarie Perrone, MD – Emergency Medicine|
|• David J. Bozentka, MD – Orthopaedic Surgery||• Parvati Ramchandani, MD – Radiology|
|• Ara A. Chalian, MD – Otorhinolaryngology: Head & Neck Surgery||• Wanda Ronner, MD – Obstetrics & Gynecology|
|• Marie Gleason, MD – Pediatrics||• Misha A. Rosenbach, MD – Dermatology|
|• Thomas J. Guzzo, MD, MPH – Surgery||• Matthew H. Rusk, MD – General Internal Medicine|
|• Mariell Jessup, MD – Cardiovascular Medicine||• Dahlia M. Sataloff, MD – Endocrine & Oncologic Surgery|
|• David A. Lenrow, MD, JD – Physical Medicine & Rehabilitation||• Kim Smith-Whitley, MD – Pediatrics|
|• Kathleen T. Montone, MD – Pathology & Laboratory Medicine||• Eric L. Zager, MD – Neurosurgery|
|• Stephen E. Orlin, MD – Ophthalmology|
Want to learn more?
Want to nominate a colleague as a Master Clinician? You can read about the nomination process on the Academy’s web site. Any questions may be directed to Victoria Mulhern at email@example.com or (215) 898-6923 or John Glick, MD, at firstname.lastname@example.org or (215) 662-6065.
Perhaps you know of someone who would love to support the Academy: Get in touch with Penn Medicine Development and Alumni Relations at (215) 898-0578 to make the connection.
Our Priority is YOU!
We're fundraising for endowed professorships
Endowed professorships have long conferred prestige and powerful recognition of its chair-holder’s work: the first privately-financed chair, awarded in 1669 at Cambridge University, was held by Sir Isaac Newton ― one of the world’s greatest scientists.
That’s why endowed professorships were a high priority during Penn Medicine’s most recent Making History fundraising campaign, and it remains a central fixture with President Amy Gutmann’s Penn Compact 2020. We have been charged with establishing 55 new endowed professorships by 2020:
• 20 of those will be Presidential Distinguished Professorships
• 5 of those will be Presidential Professorships, which are held for a 5-year term
• 24 will be for full professorships
• 6 will be for junior faculty
We’re very fortunate to have faculty champions like Penn Medicine Trustees George Weiss, W’65, HON’14, and Richard Vague: They have committed $10 million to the President’s Distinguished Professorship Fund. This Fund is used to match gifts made to create new professorships in the Perelman School of Medicine.
How do these new professorships work? How are they different?
|Presidential Distinguished Professorship||Traditional Full Tenured Professorship|
|$2.25 million (with $750,000 match)||$3 million|
|Appointment process begins as soon as gift
agreement is signed/commitment made
|50% of pledged funds must be received before appointment process begins|
|Matching funds program offers opportunity to create new dedicated research funds||Funding is limited to the professorship|
|Chair sits in designated School||Department-specific|
|Challenge/Match funding available||No challenge match available|
Donor-Named Presidential Distinguished Professorships are used to recruit and retain eminent faculty members with research and teaching expertise in areas identified by the President as high priorities for Penn Compact 2020.
Presidential Distinguished Professorships can be created in any of Penn’s 12 schools, and donors may create a preference for a school. Appointments to Presidential Distinguished Professorships are ultimately made by the President, based on recommendations from the Dean and Provost.
Generally, a gift of $3 million is required to establish an endowed professorship. With the matching funds provided by the Presidential Challenge Fund, the donor can create a new Presidential Distinguished Professorship with a $2.25 million new gift commitment. The $750,000 match will come from the challenge fund. The donor will receive recognition for a $3 million commitment.
Donor-Named Presidential Professorships, typically for supporting junior faculty, are used to realize the goals of Penn’s Action Plan for Faculty Diversity and Excellence (2011), placing an emphasis on building a more diverse faculty and expertise in issues related to diverse populations.
Faculty members are appointed to Presidential Professorships for five-year terms. While these are limited term appointments, the Professorship carries the donor’s name in perpetuity. Like the Presidential Distinguished Professorships, appointments are made by the President based on recommendations from the Dean and Provost.
A donor can create a new Presidential Professorship with a $1 million new gift commitment. The $500,000 match will come from the challenge fund. The donor will receive recognition for a $1.5 million commitment.
What has inspired donors to support endowed professorships?
Celebrating a legend: the Peter C. Nowell, MD Professorship
In a long-anticipated honor for Peter Nowell, MD — the Lasker Award-winning Penn luminary who co-discovered the Philadelphia chromosome—an endowed professorship was made possible through a collaborative effort by faculty, some of whom trained with Dr. Nowell, and myriad donors coming together from a broad swath of the Penn community. Many donors are, in fact, long-time supporters of the Abramson Cancer Center, for which Dr. Nowell served as its first director beginning in 1973. The inaugural chair-holder is Kojo Elenitoba-Johnson, MD, of the Department of Pathology and Laboratory Medicine.
A tradition of advancing medical education:
The Measey Foundation chairs
There are so many examples of The Benjamin & Mary Siddons Measey Foundation’s commitment to advance medical education in the Delaware Valley — and they include more than a dozen endowed chairs at Penn Medicine alone. The Measey Foundation’s most recent contribution to faculty support is the creation of the William Maul Measey President’s Distinguished Professorship in Medical Education. The new Measey chair will allow Penn Medicine’s educational leaders to continue fostering the innovative curricular approaches that draw the nation’s finest minds to the Perelman School of Medicine.
Honoring a loved one―and the compassionate physician who cared for her:
the Deenie Greitzer and Daniel G. Haller Associate Professorship
Established by Marty Greitzer and his family to honor his late wife, Dianne “Deenie” Greitzer, and the wonderful care provided to her by the Abramson Cancer Center, this professorship, originally the Deenie Greitzer Gastrointestinal Medical Oncology Professorship, was renamed to honor Deenie Greitzer’s physician, Daniel G. Haller, at his retirement. Specializing in colon and rectal cancer patient care, Dr. Haller is a nationally prominent medical oncologist who has exerted great influence in the way patients with gastrointestinal cancers have been treated. The current chair-holder, Ursina Teitelbaum, MD, of the Department of Medicine, Hematology-Oncology Division, was a protégé of Dr. Haller.
Want to learn more?
Contact Penn Medicine Development and Alumni Relations at (215) 898-0578: We can help you identify potential supporters, create a prospectus to share with donors, and design a comfortable gift discussion.
Palm Beach 2016 by the Numbers:
How key relationships are built and sustained
“As I told this year’s faculty speakers, it does speak volumes that the Palm Beach community turned out in such impressive numbers to meet our faculty — both at our free health seminar and VIP salon dinner. Although it is time spent away from important work here at Penn, this signature program has proven critical to our fundraising efforts...and we’re tremendously grateful for our faculty’s partnership.”
– Dean Larry Jameson
• 200+ guests joined Penn Medicine at the Norton Museum of Art for our annual seminar: “Living Better — 2016.” (In fact, we exceeded the museum’s capacity!)
• And 160+ guests attended our elegant salon dinner at The Breakers. Complementing the table-side chats among faculty and friends of Penn Medicine were heartfelt remarks from Lori Alf and Penn Medicine Trustee Richard Vague.
• Faculty, Penn Medicine leadership, and the Development team engaged in 40+ individual donor meetings during two days. These often take place in intimate settings so faculty can take advantage of more fruitful, engaged conversations.
News You Can Use ― Today
Join Us for a Development Training Session:
“Reaping the Rewards: How Major Gifts Can Advance Your Big Ideas”
WHEN: May 20 from 12:00PM-1:00PM
WHERE: Smilow Center for Translational Research 9-146
WITH: Dr. Jack Ende, Assistant Dean of the Perelman School of Medicine
Paul Mischler, Deputy Chief Advancement Officer & Chief Operating Officer of Penn Medicine Development & Alumni Relations
Kim Grube, Senior Executive Director of Penn Medicine Development & Alumni Relations
You can find information and register here.
An Option that’s Now Always on the Table: Permanent Charitable IRA Rollover
Many donors and grateful patients like knowing they can continue making a positive impact on your work through planned giving, and in late December 2015, President Obama signed legislation permanently extending the Charitable IRA Rollover.
This tax-saving option means donors who have reached age 70½ can donate up to $100,000 to charitable organizations like Penn Medicine directly from their Individual Retirement Account (IRA), without treating the distribution as taxable income.
How often do donors choose this option? Well, last year the University processed more than 110 IRA gifts, which totaled nearly $671,000. And Charitable IRA Rollover donors are also extended membership in the Medical Legacy Circle of the Harrison Society: Benefits to donors include annual luncheons, invitations to special events and seminars, and a subscription to the University's gift planning newsletter.
Want to learn more?
Visit our planned giving web site at http://www.plannedgiving.med.upenn.edu/index.php or
contact Christine Ewan, JD, Penn Medicine’s Executive Director of Planned Giving, at (215) 898-9486 or email@example.com.
Quick Tips: How does development work, and how could I make a difference?
In the simplest terms, development works in four stages:
- Identification and qualification of interested donors and prospects
- Cultivation of prospective donors and volunteers
- Solicitation for a gift
The areas where you can make the biggest difference are in IDENTIFICATION and CULTIVATION. Institutions often return to the same donors time after time — a finite resource. Identifying people who are passionate about the work you do in the lab, clinic, or classroom, and communicating about that important work, are vital to keeping a pipeline of gifts running strongly and smoothly.
Want to learn more?
Contact Penn Medicine Development and Alumni Relations at (215) 898-0578 or UPHSgift@upenn.edu. We will ensure that you are connected with the appropriate gift officer — and make sure to ask for your copy of our Faculty Fundraising Primer!