PGH-MFI CENTURY CLUB
Dear Fellow UPMASANs,
In behalf of our PGH INDIGENT PATIENTS, I would like to invite you to join us in the PGH-MFI CENTURY CLUB which was created on July 2, 2015 by the PGH Medical Foundation,Inc. (PGH MFI) after due consultation with UPMASA to insure the availability of funds for the financial assistance of our indigent PGH patients. To accomplish this, all donations will be allocated as follows: (1) 50% will be deposited in a Permanent Endowment Fund (PEF) and only the investment income from this PEF will be used strictly for financial assistance and not for administrative expenses, infrastructure, equipments and other projects of the PGH MFI; (2) 45% will be earmarked for the immediate use for our indigent patients in the PGH; (3) 5% will accrue to the PGH MFI as operating expenses in the administration and management of the Permanent Endowment Fund for the PGH MFI Century Club and its fiduciary functions.
There are three categories of membership in the PGH MFI Century Club: (1) Core member– will make an initial donation of $100 or more and pledge to do the same annually, (2) Donor member – will make a one time donation of $100 or more. (3) Lifetime member – will make a donation of at least $500. Donor and Lifetime members are not required to make further donation but they will still be encouraged to donate again whenever they can.
For full tax deductibility, please make your check payable to UPMASA and write in the Memo line: PGH MFI Century Club (and your choice of the category of membership: Core or Donor or Lifetime Member) and mail to UPMASA NATIONAL TREASURER, 2304 Kossuth St., Lafayette, IN 47904. For those who wish to donate using a credit card, you may do so by going to this sublink in our UPMASA website – https://www.upmasanational.org/product/pgh-mfi-century-club/.
DONATIONS are now accepted via ZELLE: Send to email@example.com. Please specify donation category in the message as PGH-MFI Century Club
For those who are 70 ½ years old, UPMASA, as a 501(c) (3) non-profit organization, Fed. Tax ID # 37-1099415, is eligible to receive contributions directly from your IRA as a Qualified Charitable Distribution (QCD). Just direct your IRA custodian to send a check in your behalf made payable to UPMASA and write on the Memo line or in their cover letter: PGH Indigent Patient Fund for the PGH MFI Century Club and send to UPMASA NATIONAL TREASURER. Although this is a form of distribution, it is not counted as an income to you but it qualifies toward meeting your RMD; as such, it may provide better tax benefit than if it was taken as an itemized charitable deduction. For further info, please refer to this link – https://www.forbes.com/sites/davidmarotta/2016/04/28/qualified-charitable-distributions-qcds-from-iras/#2f47c6ed41f1%60.
Thank you very much.
Gregorio T. Mariano, Jr., M.D.
Spokesperson for the PGH-MFI Century Club in UPMASA.
LIFETIME UPMASA MEMBER, UPCM ’62
Email Address: firstname.lastname@example.org