Chronicle of Giving | Fall/Winter 2008

MCV Foundation: Serving the MCV Campus of Virginia Commonwealth University since 1949 MCV Foundation’s Mission is to inspire and steward philanthropy throughout the MCV Campus of Virginia Commonwealth University.

Chartered in 1949, the MCV Foundation works in partnership with alumni and friends of MCV Schools, Hospitals and the Massey Cancer Center.

We support the institution in its quest: To preserve and restore health To seek the cause and cure of diseases To educate those who would serve humanity Through your donations, the MCV Foundation is an integral support to the dedicated teachers, clinicians, researchers and students whose efforts place the MCV Campus among the world’s leading academic medical centers providing technically superb and compassionate care to patients.

Fall/Winter 2008

Williamsburg residents Ginny and Charles Crone met in 1980 in the offices of the Williamsburg Pottery. He was a vice president, she was the regional sales representative for Corning Glass, “selling pie plates” as she says, to one of his relatives. They were married in 1984 and one of their common passions is their volunteer work. continue on back page

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Partners in Giving

never faltered, his interpretation of ethics was the way he lived.”

“I don’t know if there was a single incident that prompted Cyril to initiate the Ethics Lectureship,” she continued. “Perhaps he had encountered some less than ethical behavior.

But whatever it was, he expressed that learning to do things in a profession was not enough, that each individual’s intellectual progress also requires examination and development of professional conduct and moral principles.”

“Creating the lectureship meant a lot to Cyril.

It was an expression of who he was and what he cared about. He was so pleased that the program was growing, and that something he started might make lasting positive impact on his beloved dentistry profession.”

“Cyril Mirmelstein exemplified professionalism and high ethical standards in dentistry,” said Ron Hunt, DDS, dean of the VCU School of Dentistry.

“By educating our students on the values he held so dear, we are turning out not just better dentists, but better human beings. The lectureship that Cyril created has become an important, permanent part of our School’s curriculum and a model for other programs throughout the country.”

Evelyn said that Cyril loved the School of Dentistry and that it was always a part of their lives.

In fact, Cyril and Evelyn met at the school, under what Evelyn described as “a rather unusual set of circumstances.”

“It was 1943 and I had just begun working at the school, in the research department under Dr. Arnim.

I developed a terrible toothache and Dr. Arnim said he thought I should go up and see Mirmelstein in the lab. I had never even met the man, but off I went. Well, it turns out that I had impacted wisdom teeth and Cyril took them out later that day.

He called my father and asked his permission to drive me home because he wanted to be sure I was all right. How’s that for a first date!”

Cyril and Evelyn were married three months later. After a stint in the military during World War II, Cyril began his private practice in Newport News, caring for his patients faithfully and compassionately Cyril R. Mirmelstein for over 48 years.

A longstanding member of the Virginia Dental Association, he was also active with the State Board of Dentistry and served as its president. He was Evelyn, Cyril Mirmelstein’s wife of 64 years, near their home at Kingsmill, Williamsburg, Virginia appointed by Governor John Dalton to the Southern Regional Testing Association and was elected president by its members.

Each year in late August, VCU School of Dentistry presents

Legacy of a LifeWell-Lived the Dr. Cyril R. and Evelyn F. Mirmelstein Ethics Lecture and Workshop. More than 250 students and faculty attend the two-day program, which includes a guest lecture by a nationally recognized expert on ethics in dentistry.

The endowed lectureship is made possible by a gift from one of the School of Dentistry’s most distinguished alumnus, the late Dr. Cyril Mirmelstein (D’42). It has attracted additional funding from three honorary dental societies with keen interests in education of young dental professionals and the ethical practice of dentistry: the American College of Dentists, the International College of Dentists, and the Pierre Fauchard Academy.

“Cyril cared deeply about others, about treating people with respect, dignity and compassion,” said Evelyn Flax Mirmelstein. “His moral compass

“By educating our students on the values Cyril held so dear, we are turning out not just better dentists, but better human beings.”Dr. Ron Hunt In 1998, the Medical College of Virginia honored Dr. Mirmelstein as the outstanding alumnus of the year, and in 2006, he was in the inaugural group to receive the School of Dentistry Medallion. This award, the school’s highest honor, is presented to individuals who, through their lives and work, have advanced its mission and vision.

Dr. Cyril Mirmelstein died on August 7, 2007 at the age of 91.

Since Bruce’s retirement in 2007, he and Peggy spend as much time as possible at the home they built on Lake Gaston, NC, where they enjoy nature, boating and visits from their children and grandchildren.

“Awareness of social justice issues is the starting point. Solutions are limited only by our creativity.”

Bruce McWhinney

Prescription for Social Justice When Bruce D. McWhinney, PharmD, retired from a 43-year career in pharmacy management, he took a long hard look at his retirement goals. With the help of his wife, Peggy, he decided on four priorities: address social justice issues, increase health and fitness efforts; keep learning; and, continue to contribute to the profession of pharmacy.

One of the McWhinneys’ first steps was to establish the Peggy and Bruce McWhinney Social Justice Award at the VCU School of Pharmacy. The endowed fund will generate a cash award that will be granted annually to a fourth year pharmacy student who has demonstrated a commitment to social justice during his or her academic pharmacy career and who shows promise of continuing to advance social justice issues through the pharmacy profession.

“Medications are an integral part of medical care, yet there are tremendous issues around access to medications,” said Bruce. “The next generation of pharmacists will encounter more and more people

that have needs that are not being met—the poor, immigrants, people of diversity and the elderly.

Our profession can better serve these disadvantaged populations by applying the principles of social justice to the practice of pharmacy.”

“We saw this award as an opportunity to combine two strong interests—my profession that has been so good to us, and our commitment to working for social justice. We are realists about the impact we can have. Peg and I don’t imagine that we are going to shake the foundations of anything, but we do believe that if you just do some little thing and it helps, that can make a difference.”

It seems that Bruce was destined to be both a pharmacist and an advocate of social justice.

His first job, at age 14, in tiny Berryville, Virginia, was working for one of the giants in modern pharmacy, Eugene White. A 1950 graduate of the MCV School of Pharmacy, White pioneered patient-centered care, a practice concept that has evolved into today’s clinical pharmacy.

“I have been most fortunate to have had extraordinary mentors throughout my life,” said Bruce.

“Gene and Laura White took me under their wing. They introduced me to the profession of pharmacy, but equally significant, they set an example of the value of hard work, service, and of taking risks to do the right thing. They reinforced and complemented my parents’ sensitivity and concern for others.”

Bruce soon met another major influence, Carl Emswiller, an MCV School of Pharmacy graduate who had gone to Berryville to work with Gene White in his newly created office practice.

“Carl, who is now retired, epitomized the profession.

He is unafraid to act on the courage of his convictions, and is a great example of what it means, and takes, to have balance in your life,” continued Bruce. “As I progressed through my formative years, I was fortunate to have other strong mentors, people who had respect for the individual and were willing to step out of their comfort zones to help others and to take

the pharmacy profession to a higher plane.”

Bruce stepped out of his own comfort zone numerous times over the course of his education and career. After receiving his Bachelor of Science in Pharmacy from VCU in 1970, he went on to obtain a doctorate in pharmacy from the University of Kentucky. He was chief or director of pharmacy at several large medical centers around the country, including Fairfax Hospital, the University of Pittsburgh Medical Center, and the famed Cleveland Clinic.

In 2007, he retired from Cardinal Health, Inc., where he was senior vice president for Corporate Clinical Affairs.

“I had a wonderful career, but it is great to have arrived at this point in life where Peg and I can give precedence to other things, and that includes the VCU School of Pharmacy,” said Bruce. “After all, it’s given me a profession, it’s given me an opportunity for personal growth, it’s given me a forum for service, and it’s given me the means of a livelihood for my family.”

Movers and Shakers unite

David Reynolds

Charlie Bryan

“Parkinson’s Disease is a formidable enemy. So far, nobody has beaten it. But if we can raise awareness and money to help with the fight, someday, someplace, a cure will be found. VCU Parkinson’s Center could be that place.”

Charlie Bryan

Parkinson’s Disease brought David Reynolds and Charlie Bryan together, and now, under their leadership, it is bringing the community together to help fund a new Parkinson’s Center on the MCV Campus of VCU. “When Charlie and I first met several years ago, we realized that sharing a disease gave us a lot of common concerns, and that it was really helpful to be able to talk about them,” said Reynolds. “It wasn’t long before several more Parkinson’s patients joined us for a once-a-month breakfast gathering.

We dubbed our group the ‘Movers and Shakers.’”

A newspaper article about the Movers and Shakers that mentioned their desire for a comprehensive Parkinson’s Center at VCU caught the attention of Dr. Jerry Strauss, dean of the VCU School of Medicine. He met with Reynolds and Bryan and as Bryan describes, “took the ball and ran with it.”

“Dr. Strauss was enthusiastic about creating a Parkinson’s Center, but he was also realistic about the financial commitment it would take, from both the University and the private sector, to make it happen,” said Reynolds.

Dean Strauss made establishment of the VCU Parkinson’s Disease and Movement Disorders Multidisciplinary Research and Clinical Center an institutional priority, set a $10 million goal, and promised $5 million in School funds to create a dollar-for-dollar match of private gifts. In addition, he committed the VCU Medical Center to bearing all expenses of constructing the research space, equipping laboratories and building out clinical areas.

“So our job was to raise at least $5 million,” said Bryan. “We have met one-on-one with philanthropists in the community and, to date, we have commitments of $3 million from families and individuals. The majority of our donors have personal experience with Parkinson’s, but there are others who simply understand the need and want to help. It has been a humbling and heartwarming experience.”

One of the first gifts to the fund was from Mr. and Mrs. FitzGerald Bemiss, $1 million to establish the Bemiss Endowed Chair. The endowment has permitted Dean Strauss to begin a national search for an experienced researcher who will be the Center’s founding director. Additional gifts will be used to recruit key physician-scientists whose research and clinical interests will shape the Center’s direction.

“I am confident that we will be able to recruit a top clinician investigator to head up the Center,” said Dean Strauss. “All of the right elements are in place. We have world-class clinicians and researchers in neurological diseases and physical medicine and rehabilitation already on staff. And we have stateof-the-art research and clinical care space. Our new Medical Sciences Building, with labs for neurological research, will open in early 2009, and our new critical care hospital opened this fall.”

The Center also will benefit from VCU’s partnership with McGuire VA Medical Center. McGuire is home to a PADRECC (Parkinson’s Disease Research, Education and Clinical Center) unit, one of only six such multidisciplinary centers in the country. VCU physicians already collaborate with the PADRECC unit, and the new VCU Parkinson’s Center will allow PADRECC’s excellent clinical care to be extended to the civilian community.

It is estimated that over 1 million people nationwide have Parkinson’s, including some 14,000 Virginians. The risk of the disease increases with age, so analysts expect the financial and public health impact of Parkinson’s to rise as the population gets older.

“Parkinson’s is a big problem and it is growing,” said Reynolds.“We need to speed up research into more effective treatments and we need to ensure access to advanced care for all Parkinson’s patients. Thanks to the generosity of our donors and VCU’s vision and commitment, the VCU Parkinson’s Center will propel Parkinson’s disease research and care in Virginia to a new level of excellence.”

Arlethia Rogers, RN, at the site of St. Philip Hospital and St. Philip School of Nursing

Carrying Forward a Proud Tradition “St. Philip School of Nursing has an important place in MCV Campus history, but it also has a place in its future.

Thanks to the St. Philip Alumnae Scholarship Fund, the tradition of nursing excellence that is the hallmark of St. Philip will continue in perpetuity through our scholarship recipients,” said Arlethia Vaughan Rogers, RN, 1960 graduate of St. Philip and president of the St. Philip Alumnae Association, Richmond, Virginia chapter.

At the kick-off of VCU’s 40th Anniversary this past fall, a bronze marker commemorating the history of the St. Philip School of Nursing was dedicated on the plaza between the Egyptian and Hermes A. Kontos buildings, just steps away from from the site of St. Philip Hospital and St. Philip School of Nursing. It reads: “During the era of racial segregation, the Medical College of Virginia established the St. Philip School of Nursing for African-American women. It operated from 1920 until September 1962, when the last of its 688 graduates received their nursing diplomas. Five years earlier, in 1957, the MCV School of Nursing admitted its first African-American student.”

“St. Philip School of Nursing produced truly outstanding nurses,” said Nancy Langston, PhD, dean of the VCU School of Nursing. “The School’s reputation was such that when a graduate told a prospective employer that she had been educated at St. Philip, she got the job. We are honored that this extraordinary group of women has stayed connected and involved with VCU School of Nursing.”

“Life at St. Philip was very challenging,” said Rogers, “The students had a lot of adversity to deal with, in the classroom and on the hospital wards. We had to be resourceful and resilient, and we had to give one another a lot of moral support. But in the end it made us strong individuals and exceptional nurses. And it made us very close.”

The bond between St. Philip alumnae brought about formation, in 1924, of the St. Philip Alumnae Association, with chapters in Richmond and seven other cities throughout the country. Meetings, reunions and homecomings brought the graduates together frequently to share memories, news and achievements.

In its July 1990 business meeting, the Association’s membership unanimously passed a motion to create a scholarship endowment to memorialize the St. Philip School of Nursing and its graduates. The D.C. and Richmond chapters made initial contributions of $5000 each and, in January 1991, the St. Philip School of Nursing Scholarship was established “to perpetuate the name of the Saint Philip School of Nursing; to leave a continuing reminder to posterity those ideals and achievements of this illustrious school of nursing and its graduates.”

Over 650 gifts have been made to the scholarship, the majority by the school’s graduates and alumnae association chapters. The first St. Philip Alumnae scholarship was awarded during the 1992-1993 academic year and, since then, the VCU School of Nursing has awarded over $115,000 in St. Philip scholarships to more than 70 nursing students.

“Alumni participation in the scholarship has been really wonderful, but we aren’t going to be around forever,” said Rogers. “It is our hope that the recipients of the scholarship will, in turn, contribute to it in the future. I can’t think of a better way to help keep a good thing going and growing.”

“I don’t look at alumni-giving as philanthropy, but as a necessity.

If nothing else, we should care about dentistry, and we should care a lot. I say, let’s be part of the best school producing the finest dentists on the East coast.”

Dr. Fred Kennett

When the Stars Align Dr. Fred Kennett’s dental practice averages 160 patient visits a week, except during the spring semester when he also is teaching at the School of Dentistry.

For relaxation, he and his family head to their house on the Piankatank River, Hartfield, Virginia.

School of Dentistry alumnus and adjunct faculty “So we had Fred’s money to pay for models to be member, Fred Kennett, DDS, PhD (D‘81, M‘82) has manufactured, but we needed to find someone that been a loyal and generous supporter of the school for had the time and expertise to cut the prototypes for many years. He has a strong bias for directly helping each preparation,” said Dr. Robertello. the students. In addition to his annual gifts, he has That problem was partially solved when Dr. Riki purchased various supplies for the students, even a Gottlieb, director of the new DentSim lab and interrefrigerator when he saw that they didn’t have a propnational expert on dental virtual reality technology, School of Dentistry student, er place to store food for their lunches. offered seven prototypes that matched the first seven Gloria Kim, (top) examines one of the “All four years of dental school are hard, but the preparations the students learn in the DentSim lab.

18 tooth preparation prototypes she is fabricating first year can be exceptionally tough,” said Dr. “Thanks to Fred, we were able to have Dr. for duplication by a model manufacturer.

Kennett. “These kids are learning dental anatomy, Gottlieb’s models duplicated, so now, as the students Each model (bottom) shows clinical skills, operative dentistry, immunology, and learn those specific preparations, they have visual students precisely what a particular tooth more. They are learning to make clinical decisions and exemplars that they can pick up and examine, right preparation should look like. they are developing psychomotor skills. It is intense. there at their stations. But we needed more, and as And many of them have other pressures, such as part time jobs and families to luck would have it, we had just the right person, Gloria Kim, to cut the teeth support. We need to help them out, encourage them, show them that we care.” for 18 more prototypes.”

Dr. Kennett knows of what he speaks. He has taught first year students in Gloria is a top fourth year dental student and recipient of an Academic the spring Operative Dentistry course since 1980. His colleague, Frank Dental Careers Fellowship Program grant awarded by the American Dental Robertello, DMD, directs the spring and fall semesters of the same course.

Education Association and the American Academy of Dental Research. The pro“Fred has such a positive effect on students. He is constantly on the lookgram requirements include a research component, and this project filled the bill. out for things that will improve the learning environment or help the students “This was a wonderful opportunity to participate in a project that will benin practical ways,” said Dr. Robertello. “Several years ago he began designating efit both the teaching and the learning process and, at the same time, form the his annual gift to support the first year Operative Dentistry course, with the basis of my research for my ADEA/AADR grant,” said Gloria.“When I complete stipulation that it be used as I see fit. In deference to Fred, I felt that the money the prototypes and they have been manufactured in numbered sets, the students should be spent on something permanent, something that would benefit class will begin using them. I will design and conduct research on the effectiveness of after class of students. And I knew just what it should be.” the models and present the findings at the ADEA meeting in the spring.”

‘It’ turned out to be something Dr. Robertello had always wanted to have: Dr. Kennett couldn’t be more pleased with the course of events and the end actual size models of teeth that students could refer to as they learned to prepare results. “All I did was get the ball rolling,” he said. “This just goes to show that the teeth for restorations. Each model shows a specific preparation, a precise when you have a visionary, dedicated, faculty and talented, interested students, example of what the preparation should look like for the dentist to remove the good things happen. I hope more of my fellow alumni will step up to the plate, decay, accommodate the filling and still maintain the strength of the tooth. give their school some money. It can make a big difference.”

It is an honor and a privilege to feature some very caring and farsighted MCV Campus supporters in this issue of the Chronicle of Giving. These remarkable people and organizations are advancing programs on the MCV Campus with gifts as unique as their individual passions.

Consider the impact of their generosity. Dozens of young nursing students are able to pursue their educations thanks to St. Philip Alumnae Association scholarships. A new Parkinson’s Center will be established on the MCV Campus, funded in part by a campaign led by David Reynolds and Charlie Bryan. Every dental student is being educated on the ethical practice of dentistry through the Dr. Cyril R. and Evelyn F. Mirmelstein Ethics in Dentistry Lectureship. And those same students are using sophisticated new learning tools made possible by Dr. Fred Kennett. In the School of Pharmacy, an annual award established

by Dr. Bruce and Peggy McWhinney is encouraging students to examine and further social justice issues through the pharmacy profession. At Massey Cancer Center, Pauley Heart Center, the Department of Neurology, and in numerous other campus schools, physicians, scientists and nurses are working on treatments and cures for some of humanity’s most pressing health issues, supported by the incredible commitment of Ginny and Charles Crone.

These and scores of other MCV Campus benefactors turn to the MCV Foundation to help transform their ideas into opportunity, knowledge and discovery, and to be conscientious stewards of their investments. We thank all of you for your confidence and trust.

As you can see from the table and graphs on the opposite page, we are including the MCV Foundation’s 2007-2008 condensed financial information in this issue of the Chronicle. This is in lieu of a stand-alone annual report, which we thought prudent to forego at this time. You may John C. Doswell, II, DDS obtain the complete financial statements by contacting the MCV Foundation.

Our 2008 fiscal year was a period marked by a number of significant changes, here at the MCV Foundation, on the MCV Campus, and certainly in the economy.

Endowment assets totaled $238 million, a decrease of 4 percent after program payout distributions. This was due primarily to a 4.6 percent decrease in our investment return. That compares to the S&P Composite Index return for the same period of -13.1 percent. Our three-year, five-year and ten-year average investment returns were 8.7 percent, 10.1 percent and 5.9 percent, respectively.

Total MCV Foundation assets grew from $359.9 million to $380.2 million. The increase was a result primarily of new gifts from our generous supporters. We recognized $61.4 million in contributions for the fiscal year, of which approximately $10 million were new pledges. Total cash received during the year totaled $56.6 million.

Our total disbursements reached an all-time high of $26.2 million, supporting student scholarships, faculty chairs and professorships, academic and research programs, equipment and patient care initiatives on the MCV Campus. A growing base of disbursements is good news as we work in partnership with our campus schools and centers to meet their program and service objectives.

As our fiscal year came to a close, so did Dr. Ruth Campbell’s service as chair of the MCV Foundation Board of Trustees. During her seven-year tenure, she worked with the board of trustees to grow the Foundation's assets from $189.3 million to $380.2 million. Over that same time period, $156.5 million in private funding was transferred to the schools and centers on the MCV Campus, resulting in transformational change. Thank you, Ruth, for your wisdom, your stewardship, and your extraordinary commitment to this foundation and the institution we serve.

Considerable uncertainty lies ahead. There is no ignoring, or even minimizWilliam P. Kotti, PhD ing, the ongoing economic turbulence. On the up side, our overall financial position has been on a positive trajectory over the last several years, and our trustee leadership and professional staff are doing an excellent job of guiding and protecting our asset base.

The challenge lies in the fact that needs will not diminish but will, in fact, increase. As the percent of the university budget funded by state dollars continues to decline, private support will be more important than ever to the future of our schools and programs.

On behalf of the entire board of trustees, we thank you for your vision and your investments. They continue to play an essential role in the MCV Campus’ achievements.

John C. Doswell, II, DDS Chairman of the Board, MCV Foundation

William P. Kotti, PhD President, MCV Foundation

Total Assets In millions

$380.2 $359.9

$291.2

Medical College of Virginia Foundation

Statement of Financial Position For the year ended June 30, 2008 Amounts in thousands 06

07

08

Assets Program Disbursements

Operating pooled investments Cash and cash equivalents Long-term investments

In millions

$

Total operating pooled investments

$26.2 $24.3 $24.7

124,672

Managed portfolio pooled investments

238,003

Other assets Total Assets

76,629 48,043

17,499 $

380,174

Liabilities and Net Assets 06

Liabilities Debt service obligation Accounts payable Due to MCV Alumni Association Due to Hospital Hospitality House

$

08

Cash Contributions by Source

17,904

Total liabilities Net Assets Donor restricted Temporarily Permanently Unrestricted Board designated Other

173,045 158,778 26,124 4,323

Total net assets Total Liabilities and Net Assets

12,155 433 1,368 3,948

07

362,270 $

Alumni 6.7% Friends and Grateful Patients 12.2% Corporations 13.8% Foundations 17.2% Organizations 50.1%

380,174 Disbursements by Program

This is a condensed version of the financial statements submitted to the MCV Foundation.

Our independent auditor has issued its unqualified opinion on the complete financial statements, which can be obtained by writing or calling the MCV Foundation office.

Faculty salaries and support 9.4% Education, research, and general 78.8% Scholarships and awards 7.3% Purchase of equipment for MCV 0.2% Indigent patient care 0.4% Other program services 1.0% Interest on debt service obligation 2.9%

Ways to Give There are a variety of charitable giving methods donors use to support the VCU Schools of Allied Health Professions, Dentistry, Medicine, Nursing and Pharmacy, as well as the MCV Hospitals and the Massey Cancer Center.

Some gift types provide tax-wise benefits of which you may not be aware.

Here are some frequently asked questions with brief answers. If you would like more information, the MCV Foundation welcomes your call.

What types of gifts can I give and how will they be used?

A Lasting Legacy There is no more enduring way to honor the memory of a loved one or the compassionate care of a healthcare provider, or to permanently link your own name with a campus school or program than through a named gift.

Naming opportunities are available throughout the campus for everything from physical facilities to new technology, research funding to new program development. Endowed funds supporting students and faculty are our most popular named gift option.

There are three main categories:

Unrestricted Funds Allow for funds to be directed to areas of pressing need.

Restricted Funds Designated for a specific program of the donor’s

Scholarships help campus schools attract the brightest, most meritorious students and prepare them for careers in the health sciences. Endowed scholarships are created with a minimum $10,000 gift. The principal is invested, and the interest is used each year for student support. These named, endowed scholarships last in perpetuity.

personal interest.

Named Endowed Funds A minimum contribution of $10,000* made through a lifetime gift or bequest establishes an endowed fund, which can be named for a person of the donor’s choice.

What assets can I give?

The three most popular gift assets are:

Cash A gift of cash is the simplest and most immediate way to give.

Cash gifts may be pledged over a multi-year period for fulfilling larger commitments. Cash gifts are fully deductible up to 50 percent of the donor’s gross income.

Appreciated Securities A gift of long-term appreciated securities is exempt from capital gains taxes. Appreciated stock gifts are deductible up to 30 percent of the donor’s adjusted gross income.

Real Estate In some cases, property can be given outright, and the donor receives a charitable income tax deduction equal to the property’s fair market value.

What are life-income gifts?

Here are three examples of gifts that provide lifetime income and future project support:

Charitable Gift Annuities Gift Annuities provide a fixed rate of return to one or two annuitants. Older donors receive higher rates.

Deferred Charitable Gift Annuities An excellent supplemental retirement fund vehicle, payments are deferred to some future date with the payout rate determined by the deferral period and the age of the donor at the time payments begin.

Partial scholarship Tuition and fees scholarship Full scholarship** Graduate fellowship Full out-of-state scholarship ***

Fund minimum* $ 10,000 $100,000 $200,000 $200,000 $400,000

**covers in-state tuition, fees, room and board, and provides additional funding for books. *** covers out-of-state tuition, fees, room and board, and provides additional funding for books.

Endowed lectureships, professorships and chairs strengthen the MCV schools’ efforts to recruit and retain today’s most gifted teachers and scholars. The fund principal is invested, and the interest is used each year for faculty support. These named, endowed funds last in perpetuity.

Lectureship Professorship Distinguished Professorship Chair

Fund minimum* $ 100,000 $ 250,000 $ 500,000 $1,000,000

*Minimum endowment amounts are set by the VCU Board of Visitors and are subject to change.

Please consult the MCV Foundation development staff for the current amounts.

Limited-Time Giving Opportunity Recently extended legislation may enable you to make charitable gifts using tax-free withdrawals from your IRAs. Here are some highlights of this opportunity, which is available only through December 31, 2009: If you are 70 1⁄2 or older, you may transfer up to $100,000 per year tax-free from an IRA to charity

Charitable Remainder Trusts A personalized trust in which the donor selects the payout rate (unitrust) or fixed annuity (annuity trust) to receive during the trust’s duration. Because they can require involvement of an administrator and/or money manager, trusts are generally more cost effective at levels of $250,000 or more.

The charitable distribution counts toward your Minimum Required Distribution requirements

What other ways can I give?

The IRA distribution will not cause more of your Social Security income to be taxable

Bequests are a great choice For many donors, a gift made through their will is the best way to make a substantial contribution. Donors can leave a percentage of their estate or a specific dollar amount. A bequest can reduce or eliminate federal estate taxes without depleting current assets.

The charitable distribution will not limit any other charitable giving you may have planned

Because the distribution generates neither taxable income nor a tax deduction, even non-itemizers can benefit As always, we recommend you seek the advice of your tax and/or legal counsel before deciding on a course of action.

For more information on any of these topics please call Bill Kotti at 804-828-9734 or 800-628-7799, ext. 2 or your campus development officer. www.mcvfoundation.org

The MCV Society is comprised of individuals who share a vision of excellence for the MCV Campus of Virginia Commonwealth University. Through their thoughtful consideration, society members are helping to advance superior patient care, medical education and research. The MCV Foundation created the Society to recognize and extend gratitude to those who have made estate plans in support of any of the MCV Campus schools, centers or hospitals. The Society now has more than 400 members.

Mr. Henry W. Addington P‘51 Ms. Jenni Aerni N‘73 Dr. William H. Allison D‘57 Dr. Bruce A. Baber M‘57 Mr. Theodore C. Babinsky Dr. Betsy A. Bampton N‘60 Drs. Lorna Mill and Robert Barrell Mr. Stephen L. Barrett P‘77 Dr. Richard N. Baylor M‘46 Mr. and Mrs. Richard L. Beadles Dr. and Mrs. Wyatt S. Beazley III M‘61 Mr. Richard H. Beckham Dr. Calvin L. Belkov D‘57 Mrs. Helen S. Birch N‘47 Dr. Wilsie S. Bishop N‘70 Dr. Erika M. Blanton Dr. Katherine C. Bobbitt N‘56 Miss Martha C. Booker N‘67 Mrs. Kay K. Borden N‘68 Dr. Robert R. Bowen M‘56 Mrs. Helga Boyan Dr. Barbara S. Brown AHP‘70 Ms. Barbara S. Brown Dr. Peter W. Brown Dr. Charles D. Burch, III M‘54 Mrs. Bronwyn McDaniels Burnham P‘89 Dr. Richard P. Burruss, Jr. M‘83 Dr. Joseph V. Califano D‘84 Dr. Ruth W. Campbell M‘57 Dr. Elizabeth R. Carmichael M‘57 Ms. Anne G. Carpenter Dr. Catherine S. Casey M‘74 Dr. and Mrs. E. Todd Clark D’48 Mrs. Bernardine A. Clarke N‘75 Dr. and Mrs. Richard M. Clary M‘74 Mrs. Judy Teague Clough Mrs. Polly Cole Dr. Waverly M. Cole M‘54 Dr. Toni Marie Collado D‘86 Dr. William A. Cook, Jr. M‘51 Dr. John L. Corey D‘58 Ms. Maleda Tate Cox N‘61 Mr. and Mrs. Walter W. Craigie Dr. Beauty D. and Mr. George L. Crummette N‘58 Mr. and Mrs. John R. Curtis, Jr. Dr. G. Curtis Dailey Mr. and Mrs. Norwood H. Davis, Jr. Dr. and Mrs. Rufus Marion DeHart, Jr. M‘65 Dr. Walter H. Dickey D‘44 Dr. John C. Doswell II D‘79 Mr. Michael B. Dowdy Dr. William L. Driskill, Jr. M‘54 Dr. David E. M. Drucker Dr. George Drucker Dr. Barbara H. Dunn N‘70 Ms. Joan E. Eanes N‘44 Mr. and Mrs. Carl F. Emswiller, Jr. P‘62 Dr. Russell D. Evett M‘57 Mrs. Susan S. Ewing Mrs. Ann M. Fenton Dr. and Mrs. Albert A. Fratrick M‘58 Dr. Arthur B. Frazier M‘55 Dr. William N. Friedman D‘62 Dr. Eleanor H. and Mr. Roy L. Garrett N‘60 Dr. and Mrs. Frederick T. Given, Jr. M‘53 Dr. Robert A. Goldschmidt and Ms. Debbi Nierenberg Mr. Donald S. Good AHP‘64 Dr. and Mrs. John A. Goodno, Jr. M‘55 Dr. and Mrs. T. Winston Gouldin Dr. Lazar J. Greenfield Mrs. Dianne H. Griffith N‘79 Dr. Walter L. Grubb, Jr. M‘61 Mr. and Mrs. Joseph Hackett Dr. William J. Hagood, Jr. M‘43 Mr. Alexander Hamilton IV Dr. Robert F. Harman D‘60 Mrs. Hazel and Mr. Leonard Harris N‘45 Dr. Louis S. Harris Dr. Robert D. Harris M‘70 Mrs. Sharolyn B. Heatwole N‘70 Prof. Virginia E. Hench Dr. JoAnne K. Henry Dr. Ernest C. Hermann M‘53 Dr. Roger Lew Hiatt Mrs. Jane C. Higgins Dr. and Mrs. Douglass O. Hill, Sr. M‘47 Dr. Gary S. Hoffman M‘71 Dr. William E. Holland M‘62 Mrs. Margaret A. Hukill AHP‘49 Mrs. Phyllis A. Hussey Mrs. Adah S. Jaffer Mr. Kenneth F. Johnson Mrs. Gail W. Johnson N‘67 Ms. Cynia A. Katsorelos N‘58 Mrs. Janice E. Keitz N‘79

Mrs. Martha McCarty Kimmerling Dr. Joseph B. Kohen, Jr. M‘55 Ms. Kathleen Sue Kwentus N‘86 Mrs. Carole A. Lainof N‘67 Mrs. Phyllis L. Lane Mr. Bruce E. Large P‘57 Ms. Ruth M. Latimer AHP‘52 Ms. S. S. Laughon Dr. and Mrs. Walter Lawrence, Jr. Dr. Jeffrey Levin D‘68 Dr. and Mrs. Edward L. Lilly M‘68 Dr. David L. Litchfield M‘58 Dr. William Bruce Lundeen M‘55 Ms. Laura G. Majeskey N‘87 Dr. Bonnie G. Mani Mr. and Mrs. Steven A. Markel Mrs. Elinor Bloom Marshall Dr. N. Rudolph Mauney, Jr. M‘72 Mr. Harold E. Maurer Dr. Nancy L. McCain Mrs. William H. McCall Mr. W. Alan McCollough Dr. Howard M. McCue, Jr. M‘41 Dr. Benson McCutcheon M‘52 Ms. Susan McMakin Dr. and Mrs. Francis H. McMullan M‘51 Dr. and Mrs. Michael O. McMunn D‘77 Dr. Patricia R. McQuade-Koors M‘71 Dr. and Mrs. Austin I. Mehrhof, Jr. Ms. Dorothy F. Meyer Drs. Charles D. and Roberta L. Miller Mr. Roy A. Moon P‘50 Mrs. Anne Tucker Moore Dr. French H. Moore, Jr. D‘60 Dr. Steven C. Moreland Dr. and Mrs. Perry D. Mowbray, Jr. D‘71 Ms. Elizabeth A. Moyer AHP‘71 Dr. Mary A. Mrdeza M‘82 Mr. and Mrs. Edwin A. Myrick P‘50 Dr. Walter E. Nance and Ms. Mayna MacKinnon Dr. James P. Neifeld Mrs. Katherine S. Newby Mr. Michael E. Nuckols Mr. John B. O’Grady Dr. Alva N. Osteen Mr. John L. Patterson Dr. Karl E. Peace M‘76 Ms. Sharon C. Larkins-Pederson and Mr. Edson Pederson Dr. Donald F. Perkins M‘65 Dr. and Mrs. W. Baxter Perkinson, Jr. D‘70 Dr. John F. Philips D‘69 Mrs. Margaret S. Phillips Mr. Ronald W. Phillips Dr. Michael J. Pollak M‘68 The Hon. Edward A. Powell, Jr. and Mrs. Diane Linen Powell Ms. Judith Price N‘85 Dr. Preston P. Purdum, III M‘84 Dr. and Mrs. Richard C. Rashid M‘62 Dr. J. Marvin Reynolds D‘51 Dr. Louise W. Robertson M‘60 Mr. Roger A. and Mrs. Donna L. Robertson AHP‘77 Mr. Richard T. Robertson Bertha C. and Norman Rolfe P‘47 Dr. Michele A. and Mr. Donald J. Romano M‘84/AHP‘73 Dr. Stephen J. and Mrs. Leslie A. Ronan P‘95 Ms. Vickie L. Ruch N‘74 Mrs. Helen J. Ryan Dr. Leroy S. Safian M‘43 Dr. and Mrs. C. Lester Salmon, Jr. M‘43 Dr. Lisa Marie Samaha D‘77 Dr. J. C. Moller Sanford M‘53 Mr. and Mrs. Julian D. Sanger Dr. Mohamadi A. Sarkar P‘90 Dr. S. Larry Schlesinger M‘71 Drs. Hugo R. and Edith E. Seibel Dr. Peder M. Shea M‘74 Mr. Nelson L. Showalter P‘67 Mr. and Mrs. W. E. Singleton Ms. Ann Steigleder N‘48 Mr. Harry Stein Dr. John D. Stephens D‘51 Mr. Henry F. Stern Dr. Carol W. Stevens D‘86 Ms. V. Patricia Story The Honorable Walter A. Stosch Mrs. Evalyn W. Strause Dr. Clarence W. Taylor, Jr. M‘55 Mrs. Ora Lee F. Taylor N‘53 Mr. Joseph M. Teefey and Ms. Judith B. Collins N‘75 Mr. Charles G. Thalhimer Ms. Emily M. B. Thomas N‘76

Mr. Matthew G. Thompson Mrs. Dorothy Knowles Thomson N‘34 Dr. and Mrs. Eugene P. Trani Mrs. June H. Turnage N‘59 Mrs. Ernestine G. Turner N‘57 Mr. James E. Ukrop Dr. Richard J. Unger M‘81 The Honorable Carolyn C. Wake Mrs. Shirley Van Epps Waple Mrs. Barbara Farley White Dr. Eugene V. White P‘50 Dr. and Mrs. James L. White M‘62 Dr. Kenneth R. White N/AHP‘96 Mrs. Laura L. White N‘48 Dr. and Mrs. Claiborne G. Whitworth, III M‘55 Dr. Vivian M. Wilkerson M‘58 Dr. Lucien S. Wilkins and Ms. Freda Barry Hartness M‘67 Mr. and Mrs. E. Carlton Wilton Dr. and Mrs. Robert B. Woodhull M‘36 Dr. and Mrs. Lauren A. Woods Mr. and Mrs. C. Kenneth Wright Dr. Reuben B. Young P‘53/M‘57 56 Members have asked to remain anonymous Deceased Members Mr. Richard F. Abbitt Mrs. Sarah M. Adams N‘41 Mrs. Vida Bailey N‘21 Dr. and Mrs. David L. Ballard D‘50 Ms. Louise Barefoot Miss C. Virginia Besson N‘22 Mr. James F. Betts Mr. William J. Birch Mr. Charles J. Blair, Jr. Dr. James L. Blanton Dr. C. Paul Boyan Miss Elizabeth Brantley Mr. Maurice L. Brickhouse Mr. Vernon C. Brunelle Ms. Clarice Brooks Bryant Ms. Flora Belle Bryington Dr. and Mrs. Robert Carl Bunts M‘31 Mr. Lindsay W. Butler P‘22 Dr. G. Edward Calvert M‘47 Dr. Charles M. Caravati M‘22 Mr. O. B. Carter, Jr. Ms. Ruth S. Cassell Dr. James P. Charlton M‘55 Dr. Beverley B. Clary M‘39 Ms. Gladys C. Coleman Mrs. Mary P. Coleman Mr. and Mrs. W. T. Coleman Ms. Sarah H. Cooke N‘39 Dr. William S. Dosher P‘24/M‘30 Ms. Eveylin C. Doss Ms. Florence S. Duffy Mr. Wilmoth Booth Edmundson Ms. Florence E. Elliott Mr. Richard D. Ernsberger Mrs. E. Paris Ewart N‘30 Dr. George E. Ewart M‘42 Dr. E. Raymond Fenton M‘30 Dr. Guy R. Fisher M‘12 Mr. Russell H. Fiske, Sr. Dr. Paul Fitzgerald, Jr. D‘43 Dr. Mildred B. Forman M‘34 Mrs. Fleta H. Friel Dr. R. Ashton Gay D‘23 Dr. Ragnit Geeraets M‘68 Dr. Walter Jean Geeraets Mr. James F. Gerlack Mr. and Mrs. Arthur Glasgow Mrs. Lorena Lawrence Glenn Ms. Patricia W. Gottschall N‘66 Miss E. Louise Grant Mr. W. W. Gray P‘38 Dr. Zachary T. Gray, III D‘57 Ms. Clara S. Grunwald Mrs. Lucile S. Gudger Mr. Richard J. Gunst Ms. Marianna S. Hamilton Mrs. Mayme Wilson Lacy Harris N‘40 Mr. Eugene C. Harrison Ms. Miriam E. S. Hart Dr. W. Tyler Haynes D‘26 Dr. Belmont A. Helsabeck M‘31 Mrs. Louise B. Herndon Mr. Laurance H. Higgins Mr. Edward S. Hirschler Ms. Kitty G. Hirsh Dr. Randolph H. Hoge Ms. Mary M. Holtzclaw Mrs. Edna N. Hooker N‘23

Dr. Raymond C. Hooker, Sr. Dr. William H. Hoskins M‘31 Dr. Julius C. Hulcher Ms. Cathy A. James N ‘85/‘95 Honorable John Ambler Jamison Dr. Thomas H. Jennings M‘51 Mrs. Dorothy G. Johnson Mr. and Mrs. Herbert Kaslow Dr. Harold W. Kimmerling M‘53 Dr. C. Sidney King M‘46 Dr. Henry J. King M‘57 Ms. Mattielene T. King Ms. Alice Lyons Kirk Mr. and Mrs. Philip W. Klaus, Sr. Dr. Alfred Koerner M‘28 Dr. and Mrs. Carl W. LaFratta M‘31 Rev. Robert B. Lantz AHP‘64 Dr. William E. Laupus Mr. and Mrs. Linwood S. Leavitt P‘41 Dr. Sanford L. Lefcoe D‘48 Mr. E. H. Lester Ms. Anne S. Levey Mr. Jack D. Lewis Mr. Eric M. Lipman Dr. Walter Lorenz Mr. Frank Loveall Mrs. Leona Jane Low Mrs. Elizabeth A. Lowance Dr. Herman Joseph Lukeman M‘31 Dr. Lewis C. Lush M‘26 Dr. Harry Lyons D‘23 Mr. and Mrs. John A. Mapp Mrs. Judith E. Marsella-Gonzales N‘70 Dr. William H. McCall M‘38 Mr. and Mrs. Alex W. McClay Dr. Carolyn Moore McCue M‘41 Dr. Johnnie A. McCullough Dr. Eugene M. McDaniel, Jr. M‘62 Dr. Richard A. Michaux M‘37 Dr. Cyril R. Mirmelstein D‘42 Dr. Willys M. Monroe Mrs. Gladys DeWitt Moon Mrs. Anne H. Moore N‘11 Dr. French H. Moore, Sr. D‘22 Mr. John P. Moore Mrs. Emily M. Morton D‘26 Dr. Norborne F. Muir D‘18 Dr. Orhan Muren Dr. Edward Myers D‘26 Dr. and Mrs. Kinloch Nelson Dr. William E. Newby D‘51 Ms. Evelyn R. Nice N‘86 Ms.Goldie F. Nicholas Mr. Moses D. Nunnally, Jr. Dr. Paul J. Nutter M‘38 Dr. Jane Page M‘41 Ms. Amelia Deekens Pendleton Dr. E. W. Perkins M‘33 Mrs. Faye L. Peters N‘52 Ms. Pauline R. Phipps Dr. Woodrow W. Poss D‘50 Mr. Joseph Lock Presbrey, Jr. Dr. Willard Pushkin M‘39 Mr. Robert M. Raab Mr. and Mrs. B. F. Ramsburg Mrs. Catherine Grinnan Ritter Mr. R. Reginald Rooke P‘21 Dr. Frank E. Rowell M‘53 Mrs. Sabra S. Russell N‘31 Mr. Stephen Sarres Mr. George E. Schlosser P‘24 Dr. Bruce A. Schorr M‘67 Dr. Herbert L. Schwartz D‘48 Mrs. Kathryn E. Schwarzschild Ms. Lucie T. Simmons Mrs. Dorothy O. Smith Ms. Maria D. Staley Dr. Sommers D. Stancell D‘35 Ms. Marguerite Moses Stanley Mrs. Florence W. Steiner Mrs. Marian W. Stocker Mrs. Margaret B. Stokes N‘44 Ms. Thelma F. Sturt Mr. Joseph Suarez, Sr. P‘69 Mrs. Veronica D. Sweeney Mrs. Rhoda Thalhimer Mr. William B. Thalhimer, Jr. Dr. Christine Thelen M‘37 Mrs. Evelyn F. Thomas Dr. and Mrs. W. Taliaferro Thompson, Jr. M‘38 Dr. George N. Trakas D‘39 Dr. George T. Tunstall, Jr. D‘57 Mrs. Fay T. Vaden N‘37 Dr. John W. Vann M‘17 Mr. John M. Walke Mr. Ben A. Wallerstein Ms. Marcia N. Walpert Ms. Mary D. Weaver Mrs. Mary F. Whited Dr. Patricia Loucks Wiley Dr. Annie L. Wilkerson M‘38 Dr. William O. Winston M‘49 Ms. Christine J. Woodson N‘55 Mr. George Stuart Woodson Dr. and Mrs. Robert E. Woolwine, Jr. D‘42 Dr. Doris B. Yingling Ms. Polly B. Young

Ginny and Charles Krone, continued

“We both grew up with the belief

MCV Foundation PO Box 980234 Richmond, Virginia 23298-0234

that helping others is part of life, it’s

Nonprofit Organization U.S. Postage

PAID Permit No. 1182 Richmond, VA

just what you do,” said Charles.

“Once I retired from The Pottery in 1990, Ginny and I were able to dedicate much more of our time and resources to things we care about, things that really matter.”

Ginny agrees. “You can work all your life and accumulate a lot of stuff, but when you die, what difference have you made? No one is better because of what they have.

You only get better because of what you do. It’s the idea of putting

Chronicle of Giving is published by the Medical College of Virginia Foundation, PO Box 980234, Richmond, VA 23298-0234 Editor: Penelope H. Stygar, pstygar@stygargroup.com Design: Stygar Group, Inc. Copyright 2008. All rights reserved.

Comments, submissions and suggestions are welcome. Please email to the editor or to wpkotti@vcu.edu www.mcvfoundation.org

yourself into something bigger than yourself.” also have had first hand experience with the exceptional care that we are so

MCV Foundation Board of Trustees

the MCV Campus began in 1986

glad to be able to support. For instance, I was diagnosed with non-Hodgkins

when Eddy Dalton, former first

lymphoma, which was successfully treated by Dr. Chris Desch at Massey

lady of Virginia, brought Charles

Cancer Center. I had a world-class experience there. And the exceptional

Ralph L. Anderson, DDS Wyatt S. Beazley III, MD Erika M. Blanton, MD Katherine C. Bobbitt, EdD Austin Brockenbrough III Ruth W. Campbell, MD Richard M. Clary, MD Judith B. Collins, WHNP William D. Covington, DDS Charles F. Crone John C. Doswell, II, DDS Russell D. Evett, MD Marshall D. Gayheart Jr. Alice T. Goodwin Bruce B. Gray J. William Gray Jr., Esq. L. Preston Hale Louis S. Harris, PhD JoAnne K. Henry, EdD Gail W. Johnson, RN Barry V. Kirkpatrick, MD Lee B. Krumbein John W. Martin Lee P. Martin Jr. William E. Massey, Jr. James W. McGlothlin Dorothy A. Pauley W. Baxter Perkinson Jr., DDS Frederick Rahal, MD James H. Revere, DDS Randolph N. Reynolds, Sr. James C. Roberts, Esq. Bertha C. Rolfe, RPh Ellen E. Spong James H. Starkey III Joseph M. Teefey George W. Vetrovec, MD Richard P. Wenzel, MD, MSc Michelle V. Whitehurst-Cook, MD Henry L. Wilton Jane P. Wootton, MD Harold F. Young, MD

The Crones involvement with

to Richmond to introduce him to Massey Cancer Center. He was asked to be a founding member of Massey’s advisory board, and he and Ginny have

“A lot of people are concerned about what they can’t do rather than what they can do. I say just give it a try, find what is meaningful to you, stay with it and you will truly make a difference.”Charles Crone

been supporters ever since.

“When I first was on the Massey board, we talked about remission and we talked about treatment.

talent of Dr. George Vetrovec and his team at Pauley Heart Center helped me determine that my heart is in good shape.”

“Also, years ago, a back problem landed me in the hands of Dr. Harry

Now we talk about cures. That in

Young, chairman of VCU’s Department of Neurosurgery. Harry is the total

itself is worth the ride,” said Charles.

package, the consummate physician—skilled, great bedside manner, great

Over the years, Charles and

follow-up. I’d let him operate on me if, (a) I didn’t need the surgery and,

Ginny have extended their support

(b) there wasn’t an anesthesiologist attending. If Harry said I should do it,

across the MCV Campus to the

I’d say fine. So when we can help with something his department needs,

Department of Neurosurgery, Pauley

something they don’t have the budget for, we’re going to do what we can to

Heart Center, the School

see that they get it. We’ve been able to purchase some equipment they needed

of Nursing, and numerous other

for research and maybe that helped get something important accomplished.”

schools, departments and programs.

“Charles and Ginny are among the finest people I have ever known,”

In addition, Charles has served on the

said Dr. Young. “They are a rare breed, completely unselfish, priorities in

MCV Foundation Board of Trustees

order. I consider their friendship a cherished gift. Our community is a better

since 1994.

place because of them and certainly VCU Medical Center is blessed to have

“Serving on the boards of Massey and the MCV Foundation

them involved.”

“I think that everybody that participates in the nonprofit world can

has given us the opportunity to meet

bring something to the table,” said Charles. “One person may bring a million

some terrific people and learn about

dollars, another may bring ten dollars, and it all matters. But just as important

their work,” said Charles. “But we

is sharing a talent, or an idea, or a suggestion on how to do something better.”