In the course of a career that has included military service, private practice, teaching and leadership at some of the top OMS academic programs in the United States, Dr. Warren Arrasmith has become a master of the strategic pivot. A loyal donor to the OMS Foundation for most of his professional life, Dr. Arrasmith celebrated a “significant” birthday last November with a significant – and strategic – gift to the Foundation, utilizing a Qualified Charitable Distribution (QCD) from his retirement account to inaugurate his Bronze OMSFIRE commitment.
“Using my retirement fund proceeds to fund my charitable giving makes a lot of sense at this stage of my career. Donating directly from my retirement account reduces my tax liability and makes it easy to support the causes that are important to me, including the OMS Foundation,” he said. “The availability of funding for OMS-specific research and education is vitally important to the future of our specialty, and I’m happy to support that. This feels like the right thing to do.”
The IRS allows Americans who are 70½ years old to transfer up to $100,000 from an IRA to charity each year – tax-free. For donors who are 72 or older, Qualified Charitable Distributions (QCDs) count toward the IRA owner’s required minimum distribution (RMD) for the year.
Provide your retirement fund administrator with the information below to initiate a Qualified Charitable Distribution from your account, reduce your tax liability and advance your philanthropic goals. Email [email protected] at the Foundation to learn more about OMSFIRE and other giving options, or donate online today.
Legal Name: Oral and Maxillofacial Surgery Foundation
Address: 9700 W. Bryn Mawr Ave., Rosemont, IL 60018
Federal Tax ID: 36-6111168
