Your planned gift to Duke University School of Medicine can take many forms — from an outright gift of cash or real estate to a bequest. Depending on the type of plan you choose, you may reduce your taxes, increase your income, and protect your heirs while helping Duke to conquer the many diseases that continue to threaten human health.
Estate gift to sustain Rauch Family Merit Scholarship
The Rauch Scholarship, which Dudley A. Rauch, T’63, established in 2013 as a 50th reunion gift, was the first all-inclusive scholarship at Duke University School of Medicine. The scholarship, which is awarded to one incoming medical student per year, provides full tuition, books, and ancillaries, plus a cash living allowance, for all four years of medical school. Earlier this year, Rauch ensured that this remarkable opportunity will be available for incoming medical students for decades to come. In June 2017, he expanded his 2013 original gift by establishing an $8 million estate gift that will fund the program in perpetuity.
Some examples of planned giving include:
- Gifts of real estate with retained life estate
- Life income gifts
- Charitable remainder trusts
- Charitable remainder annuity trust
- Pooled income fund gifts
- Charitable gift annuity
- Charitable lead trust
- Bequests – A gift in your will is the simplest way to remember the School of Medicine in your estate plan and leave a lasting legacy for generations to come
- Retirement plans – The School of Medicine can be the beneficiary (or partial beneficiary) of your IRA, pension plan, or other retirement plan
"I was never very charitable, but my wife was. She and I felt it was appropriate to give back to Duke in the same way she gave to her alma mater. I would like to help those who would otherwise not be able to go to Duke."
-Kenneth Fischer, T'67, MD'71