The Jefferson 2000 Fund

Charitable Estate Planning Benefits JMC

The charitable estate planning of Jefferson Medical College (JMC) alumni, their families and other friends of Jefferson will benefit JMC students through fellowships, scholarships and unrestricted funds. Recent bequests and gifts have added more than $6.5 million to The Jefferson 2000 Fund.

The late Alfred W. Dubbs, MD, JMC '31, his mother, Sallie B. Dubbs, and his sister, Mignon W. Dubbs, established living trusts to support graduate fellows at JMC. The Dubbs trusts are valued at more than $2 million.

Scholarship aid for JMC students is the focus of a trust established by Carl M. Hadley, MD, JMC '25, that will provide $250,000. Dr. Hadley, who died recently at the age of 96, had given generously to his alma mater for many years.

Shortly before his death, Dr. Hadley made an additional gift of $250,000 specifically to help medical students through JMC scholarships. He also gave $20,000 in unrestricted funds to JMC. Dr. Hadley and his late wife, Wava E. Hadley, were among the early contributors to Jefferson's Pooled Life Income Fund, which has provided a number of large gifts to JMC over the years.

More than $1.5 million will be used for JMC scholarships through the estate of Paula B. O'Dowd, while another $1.5 million will eventually be available for unrestricted use by JMC through a trust established by the late Robert E. Lau, MD, JMC '42.

William Winick, MD, JMC '35, and his wife, Ida M. Winick, established trusts that, since their deaths, are valued at more than $1 million. These funds are also for unrestricted use by JMC.

"These alumni, families and friends have taken advantage of charitable gift planning opportunities that are encouraged by the law, particularly from an income, gift and estate tax point of view," said Francis J. McGovern, director of development for gift planning at Thomas Jefferson University. "The most important part of the planning process in these cases is that the donors were able to make substantial gifts not only to support the work of JMC, but also to provide for themselves and their loved ones."

Through proper use of government-provided tax incentives, the generosity and loyalty of these donors perpetuate their commitment to Jefferson far into the future and will help JMC to continue providing financial aid and quality medical education to its students. More than 80 percent of the unrestricted charitable gifts Jefferson receives comes through the charitable estate and financial planning process.